BTC Midday Trend Analysis Enter the market after reviewing the data
Key Support and Resistance
Support Levels:
107,000 - 108,000 USD (short-term pullback support)
105,300 USD (EMA15 trend support)
103,000 USD (strong support, institutional buying range)
Resistance Levels:
110,000 USD (psychological barrier)
112,000 - 115,000 USD (next target range)36.
Technical Indicator Analysis
RSI (daily): Approaching 70 (overbought area), short-term pullback risk is rising.
MACD: Golden cross continues at the four-hour level, but a top divergence is emerging at the daily level, caution is needed for adjustments.
Trading Volume: Increased during the breakout, but subsequent momentum has slightly weakened, need to observe continuity3.
Short-term Trading Strategy
Breakout Long:
Entry: After stabilizing above 110,000 USD.
Target: 112,000 - 115,000 USD.
Stop Loss: Below 108,000 USD.
Pullback Buy:
Entry Range: 107,000 - 108,000 USD.
Target: 110,000 - 112,000 USD.
Stop Loss: Below 105,000 USD.
High Position Watch: If not breaking above 112,000 USD, wait for clearer signals.
Market Sentiment and Risk Warning
Positive Factors:
Institutions continue to increase holdings (Strategy recently bought 7,390 BTC).
Regulatory policy improvement (US stablecoin bill passed).
Risk Factors:
Short-term overbought pullback (RSI high, may retest 107,000 - 108,000 USD).
Derivatives expiration (BTC futures options expiration on May 23-24 may cause volatility).
Conclusion
The midday BTC trend is expected to oscillate at a high level with a bullish bias, but short-term pullback risk should be cautious. If it stabilizes above 110,000 USD, it is likely to challenge 112,000 - 115,000 USD; if it falls below 107,000 USD, it may pull back to the 105,000 - 103,000 USD support range.
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