$BTC 5.22 Early Morning Thoughts

Bitcoin is currently in a critical sprint phase during the day. The breakthrough target price of $110,000 is within reach, and the market trend is strongly advancing in the expected direction. Looking back at the day's performance, Bitcoin successfully reached the key point around $108,000 during the midday session, followed by a technical correction, gaining effective support at $106,037 and stabilizing. As previously analyzed and anticipated, under the backdrop of a bull market cycle, despite short-term price fluctuations showing repeated oscillation characteristics, each deep pullback is accumulating momentum for subsequent breakthroughs. The market has validated the anticipated logic: in the evening, bullish forces were concentratedly released, and Bitcoin's price saw a strong surge, successfully breaking through the key level of $109,500, further consolidating the upward trend. Current market sentiment is high, and the price trend has reached a key resistance level, just a step away from refreshing the historical high.

The midnight market does not require much analysis; we continue to look towards reclaiming the $110,000 mark and sustaining the bullish continuation. Ethereum is performing relatively weakly; this wave of bullish momentum has not kept pace with Bitcoin, and the $2,600 level has not yet been reclaimed. We are still focusing on Bitcoin, and missing the opportunity to catch the upward trend is indeed regrettable; a pullback is still considered bullish. Bitcoin continues to look above the $110,000 mark, while Ethereum looks above the $2,600 level. After breaking through the historical high, we will look for deeper pullbacks around $107,000.

Bitcoin can short above $110,000, watching around $107,000. Ethereum continues to look towards around $2,650. #BTC再创新高 #BTC挑战11万大关 #币安HODLer空投HAEDAL