Bitcoin leads the cryptocurrency market, altcoins struggle to follow
Brothers, Bitcoin has started to surge again. This trend seems a bit like a forced rise, doesn't it? After a brief adjustment yesterday, it began to attack strongly again, and the current high point is close to 108,000. It looks like it’s aiming to break the historical high! The next pressure point is the historical high at $110,000; whether it can break through depends on this wave!
In terms of trends:
There was a small-level breakout yesterday, forming a double top for a short time. There is a good profit margin for short positions entered here, and although the position isn't great, it’s still possible to gain 2,000 points. The morning trend was also in a pullback after a small-level breakout. If it hasn’t effectively dropped back below the trend line, I decisively advised everyone to enter long positions in the morning, and we have already secured a profit of 1,500 points. Let’s see the next pattern approaching the significant level of 110,000!
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BTC Analysis: Daily Chart on May 21, 2025
