5.21 Bitcoin Latest Trend Analysis

Yesterday, we shorted at the highest point of 106800 and exited at 104100, gaining 2700 points!

Looking at the current market, the daily K-line has a maximum of 107950 and a minimum of 104100. The EMA15 trend quick line support has reached 103000, and it's clear that the bottom is rising quickly. The top resistance level is focused on the upper Bollinger Band at 109500, which has also moved up, while the middle band has come down to 101500. The MACD's death cross trend, formed by a top divergence, indicates that the main force is now prepared for both sides, with the sole purpose of liquidation.

The four-hour K-line shows a bullish doji star. After probing the EMA30 trend support at 104300, it is stretching upward with a high probability of challenging the previous high. The MACD shows increased volume, indicating enhanced bullish momentum. Consider entering short positions only after breaking the previous high!

Operational Suggestions:

Short Bitcoin in the range of 107500-108000, targeting 106000-105000$BTC