$BTC 5.22 Evening Thoughts

In the recent strong bull market, Bitcoin has made a strong breakthrough after sufficient pullback and successfully stood above the important psychological barrier of 110,000, reaching a high of 115,820, setting a new historical high. The current market overall maintains a bullish pattern, but in the short term, it may remain in a consolidation phase. The current price fluctuates within the range of 109,000-111,000.

The current market is in a strong bullish cycle, stabilizing after breaking the 110,000 mark on the weekly chart, with the Bollinger Bands opening wider, technical indicators are healthy, and upward pressure is relatively small, leaving room for further increase. The 4-hour chart maintains a high-level fluctuation, with multiple retests quickly rebounding, and 110,000 forming effective support. The overall trend is bullish, but caution is needed for short-term fluctuations and pin risks, with strict stop-loss measures to avoid blindly guessing the top.

Bitcoin can be bought in the range of 110,000-110,500, looking towards around 112,500. Ethereum can be bought in the range of 2,600-2,625, looking towards around 2,720. #比特币突破11万美元 #币安Alpha上新 #币安LaunchpoolHUMA