Friday Morning Analysis of Bitcoin on May 23

From the four-hour technical chart perspective, Bitcoin and Ethereum are maintaining a high-level oscillation pattern. The K-line body is relatively small, indicating that both bulls and bears are in a stalemate, but neither side has formed an overwhelming advantage. The upward momentum of technical indicators has also slowed down. In the short term, bulls have the upper hand, but a significant rally is unlikely to happen all at once, so the morning session should focus on buying low and selling high.

Bitcoin can be traded in the range of 110500-110800, looking at 112300

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