#BTC挑战11万大关 #Binancepizza

5.19 Monday Morning Market Overview: $BTC has formed a butterfly pattern, and the long positions are very profitable.

The major cryptocurrency closed the morning with a solid bullish candle, and the weekly chart shows a long lower shadow with a solid bullish candle, indicating that both the bottom and top of the weekly chart are rising.

The major cryptocurrency just touched 10.71, reaching a new three-month high, while we took profits on our long positions after breaking the downtrend line yesterday, even though we exited in batches at 10.43 and 10.5. We didn't catch the tail end, but capturing half is sufficient; it remains true that one should only seek wealth within their understanding; anything beyond that is not meant for them.

The major cryptocurrency just surged to 10.71, and the difference from our butterfly pattern of 10.72 from a few days ago is only 180 points, so we didn’t take a short position for a reversal; not catching it is not a loss, as at least this butterfly pattern has been completed, and the market analysis is validated.

Looking at the market, although the major cryptocurrency has shown signs of a pullback after its recent surge, it still remains within a bullish ascending triangle, so we should still take the opportunity to buy on dips. We can set buy orders around 10.38 near the 0.618 trend line, with additional purchases at 10.33, defending at 10.27, and targets at 10.5 and 10.64. After reaching the TP1 target, trailing stop loss should be set at the breakeven price; on the right side, we wait for a pullback to around 10.33 without breaking or falling below to re-enter long positions, with the same defense targets.

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