5.20 Market Analysis!
$BTC is currently in a key oscillation range mid-point, hovering between 102000-107000 USD on the 4-hour chart.
This indecisive position is the most confusing, with both bulls and bears secretly competing.
Technical indicators are sending conflicting signals:
The MACD energy bars continue to shrink, indicating weakness in the upward movement, but the daily close is higher, retaining the possibility of a breakout. The KDJ indicator has formed a death cross in the overbought zone, issuing a warning for a pullback.
The current market may experience severe fluctuations at any time, and it is advisable to position short orders near the resistance level of 107000 USD and to await long orders below the support level of 102000 USD.
Be sure to set stop-losses, as this oscillating market is most likely to trap long positions and kill shorts.
Pay close attention to changes in volume; any rebound without volume is a false breakout. It is recommended to operate with light positions in the short term while waiting for clear directional signals.
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