$BTC
The big pie has shown a 'stair-step' rising pattern!
Every increase of $10,000 is followed by a consolidation period of 7 - 10 days.
Around 105,000 is a strong support level, having withstood three drops.
Short-term bullish to 115,000!
In recent days, it can be said that there has been a favorable convergence.
FTX will inject $5 billion into the market by the end of the month.
The Federal Reserve may cut interest rates in the second half of the year.
The U.S. has also passed a stablecoin bill.
Additionally, institutions are wildly increasing their Bitcoin holdings, all solid positives!
Yesterday, the highest reached 107,068, although it then pulled back to 105,800, but the 24-hour trading volume surged by 40%,
Tonight's key focus:
The short-term support level at $102,000 is quite strong.
It has not been broken yet. For those looking to trade short-term, keep an eye on the previous high points above for opportunities.
Operational suggestions: If the price reaches 106,500 or 108,300, then go short; if it drops to $102,800, decisively go long. The market is volatile, so set your stop-loss and take-profit levels well.
The dawn of the market is about to arrive, don't fall before the success!
Firmly believe in the bullish trend and hold onto your chips tightly.
Happy 520 to everyone, remember to follow Hashini～