5.19 Monday Morning Analysis

During the weekend, there was oscillation during the day, and last night, the Bitcoin price suddenly surged to a recent high near 100,590. It then fell back to around 103,300 before rebounding. It is currently oscillating near 100,570. With significant fluctuations, this is both a crisis and an opportunity. Currently, there is no visible pressure above, and there is still potential for upward movement. I personally suggest to hold positions and wait for a new range to make decisions. Please adjust flexibly according to market trends.

From a technical perspective, the overall high-level oscillation shows that the 4-hour MACD is in a bullish state, with the histogram gradually shrinking, indicating a potential adjustment. The RSI has entered overbought territory, suggesting short-term pullback pressure. Given this situation, it is still advisable to focus on high positions. (Defense is crucial)

Rebound near 100,730 - 100,650 to take positions.

Target around 100,580 - 100,500.

Rebound near 25,480 - 25,100 to take positions.

Target around 24,500 - 24,200.