BTC faces pressure after surging to $105,000
Brothers, I hope you listened to Sister Sheng yesterday: be cautious. If you took that to heart, you will be very happy today! Bitcoin faced resistance again around $104,500 after its rise, and without any news stimulus, it has started to weaken, let alone the altcoins! The current price is fluctuating in the range of $103,500-$103,000, so pay attention to the breakout trend tomorrow night and next week!
In terms of trends:
From the smaller time frame charts, we saw a double top structure previously, which led to a decline, with the low falling to around $101,200. The small time frame chart yesterday showed another double top structure, with the current low around $102,500. Next, we should still focus on the oscillation range, following the previous levels, but we need to reduce positions when entering, as the risks have increased each time. Make sure to set a stop loss!
Like and follow to avoid getting lost. If you want to get the latest intel on Shengsheng's Crypto Diary in advance, hit the homepage for the first release of alpha information across the internet.
BTC Analysis: May 17, 2025 Daily Chart
