5.20 Bitcoin Morning Thoughts:
In the early hours, I mentioned the idea of Bitcoin breaking through 106,000 and establishing a foothold at this level. Currently, Bitcoin has reached 106,700, and there is still a clear upward trend. If it can hold this position on the four-hour chart, there is still a good chance to challenge 110,000 this week.
However, the market fluctuates, and nothing is absolute; it's important to maintain good defense while trading.
Today's trading strategy:
Bitcoin: Look for long positions at lower levels; it's prudent to wait for a pullback to the 105,000~106,000 range to go long. The target is set towards 107,000~107,500.
Altcoin: Look for long positions at 2480~2530; the target is 2580~2600
