Market Analysis for Early Morning of May 23:
It has been a flat day with not much fluctuation up and down. The main concern is whether it will continue to rise and reach new highs. Currently, the small-level bullish pattern is still intact, with the small-level support at 110460. The market will only enter a small-level pullback if it closes below this position on at least an hourly basis. The target support below is at 109200. This support is a four-hour level support, and if the four-hour close breaks this support, we will look at the daily support near 106000. As long as the hourly close does not break below 110460, the bullish pattern remains. The top pressure at 111840 needs to be broken for the market to reach new highs again. Brothers, for short positions, pay attention to the range of 118000-120000.
The Auntie's trend is relatively strong, and currently, the small-level is still in a bullish pattern. The small-level support is at 2645. It must close below this position on at least an hourly basis for the small-level to enter a pullback. The pullback support below is in the range of 2607-2586. If the four-hour close breaks below 2586, this four-hour uptrend will be considered complete. As long as the hourly close does not break below 2645, the small-level pattern remains bullish. The target pressure above continues to look at 2730, 2800, and 2850.
The SOL pattern is similar to Auntie's, and currently, the small-level is also in a bullish pattern. The hourly support below is at 177. It must close below this position on at least an hourly basis for the small-level to enter a pullback. The pullback support below is at 174. If the four-hour close breaks below 174, this four-hour uptrend will be considered over. As long as the hourly close does not break below 177, keep watching the pressure around 184 above, and if it breaks, look towards 190.
$BNB
BNB is oscillating upward at the small level, with the small-level support at 682. It must close below this position on at least an hourly basis for the small-level to begin a pullback. The pullback support below is at 670 and 657. As long as the hourly close does not break below 682, continue to pay attention to the target pressure above at 690. If it breaks, look towards 710, 730, 2730, 2800, and 2850.
