Bitcoin May 21 Planned Guide
Currently, the highest daily K-line for Bitcoin is 107,000. The intraday pullback has not broken below the 4-hour MA30 moving average at 10.4, and it has rebounded, currently operating above 106,000. It was a wise choice to decisively exit short positions at around 104,500 today, but this does not mean that Old Li is bullish; in the short term, although the market is in a strong upward trend, a standard resistance level has formed around 106,800 after a 4-hour rally, and the high-level consolidation has tested the high point of 107,000 pressure for several days without an effective breakthrough! The unaccompanied price increase and high-level fluctuations have been going on for many days, and it is time for a downward move!
Today's short-term reference plan is to short above 106,000
Target 104,500 - 104,000
