5.20 Market Analysis🚀🚀

The daily chart shows a long lower shadow bearish candlestick, indicating a growing divergence in the market.

The Bollinger Bands are narrowing, and both the KDJ and MACD indicators are in a converging state, with trading volume continuously shrinking. This technical pattern indicates that we are currently at a critical juncture of a tug-of-war between bulls and bears.

Although the overall trend has not completely turned bearish, the upward momentum has clearly weakened, and we need to be wary of the risk of a trend reversal.

Key resistance levels are concentrated in the 106600-108000 range, making it difficult to break through.

The first support level is at 104500, and if this level is lost, it may quickly test the integer level of 100000.

Recently, the market has shown abnormal phenomena:

After technical breakdowns, the market is often strongly pulled back by the US stock market, and such unusual trends often indicate greater volatility ahead.

As for the upcoming layout direction, I will lead everyone to target lucrative opportunities in altcoins, with an expected space of over 10 times being quite feasible. Like + Comment, and I will guide you in planning for the entire bull market!

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