250517 Daily Market Analysis
The weekend Bitcoin has slightly retreated but remains within a high-level consolidation zone. As the consolidation fluctuations begin to narrow, a high-level triangle pattern is expected to form, while the rebound strength is also starting to weaken. Additionally, some divergence signs are appearing in the larger timeframes.
The key short-term position is 101000.
The minor pullback is evident, as mentioned in previous articles. Even a strong market needs to pull back; otherwise, it will only excessively consume the strength of the bulls.
The key short-term position is 2400, and on the 4-hour price chart, pay attention to the acceleration after a breakdown.
There is an expected head and shoulders pattern.
Sol has taken the lead in initiating the pullback rhythm, with the short-term focus being on the breakdown around 165 or the strong recovery after a breakdown.
doge
Dogecoin is relatively weak... both highs and lows are decreasing. Similarly, it has also initiated a downward pullback. The overall strategy has not changed significantly from previous articles.
The key short-term positions are 0.21 and 0.2.
