#Binancepizza #山寨季何时到来？

5.18 Weekend Market Overview: Real and Fake Breakouts Are Coming

$BTC Bitcoin opened with a long lower shadow and a bearish candlestick in the morning, the bulls are starting to strengthen, and there is intraday upward volatility.

Bitcoin is forming a descending triangle, with the real breakout resistance line where the bulls begin to strengthen; the upper resistance remains at 10.37, 10.43, and 10.5, while the effective strong support range below is 10.23-10.27; in the evening, the market will start to give direction, and we can take a long position on a real breakout or a short position on a fake breakout.

Support below at 10.23-10.25 to set up long positions, stop loss at 10.18, targets at 10.32 and 10.37; mainly trading around the upper resistance line; for a real breakout, we can wait for a right-side breakout trend line at 10.33 to enter in the direction of the trend, stop loss at 10.3, target near 10.43; for a fake breakout, wait for the breakout above the resistance line and then break down to enter a short position, stop loss at the breakout high, target near 10.23.

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