5.23 Bitcoin Trend Analysis

Looking at the current market, the daily K-line has a highest of 111900 and a lowest of 109000, with support below at 105000. The MACD top divergence continues, with DIF and DEA expanding upwards. The upper pressure level of the Bollinger Band has reached 112000, and the middle band is at 103000. These two positions can be focused on, as the market has entered extreme overbought territory, and the countdown to liquidation has begun! This time, influenced by the referendum, Bitcoin has once again created a historical high, and this wave of stretch is different from when Trump took office.

On the four-hour level, the Bollinger Band's upper opening is focused at 112500, the middle band at 108000, and the lower band at 103000.

Trading Suggestions

Bitcoin: Short in the range of 111900-113000, targeting 110500-109500, and if broken, look below at 108500.