$BTC 5.23 Morning Thoughts

Reviewing last night's market, Bitcoin regained its upward momentum after a slight pullback, oscillating upward and successfully breaking through historical resistance in the early hours, reaching a new high of 111,959, followed by a correction, and is currently consolidating near the 111,000 level. Ethereum's performance has shown divergence, dropping from the evening high of $2679 to $2625, gradually stabilizing and beginning to rise slowly, with both bulls and bears still engaged in a tug-of-war at the critical price level.

From the 4-hour chart, Bitcoin and Ethereum are currently maintaining a high-level box oscillation pattern. The candlestick chart shows a small body star line combination, directly reflecting the fierce tug-of-war between bulls and bears at the critical price level, with the market yet to form a clear dominant force. Technical indicators such as MACD and KDJ are showing a reduction in upward momentum, indicating that while short-term bulls maintain a slight advantage, there is a lack of sufficient momentum to drive a unilateral upward trend. Combining with the 1-hour level, price fluctuations exhibit typical convergence oscillation characteristics. The Bollinger Bands are continuously narrowing, with the distance between the middle line and the upper and lower bands compressed to recent lows, suggesting that the price fluctuation space continues to narrow. This technical pattern usually indicates that the market is about to break the current balance, brewing a directional breakout.

Bitcoin can be bought in the range of 110300-110800, targeting around 112500. Ethereum can be bought in the range of 2620-2640, targeting around 2720. #币安LaunchpoolHUMA #比特币突破11万美元 #币安Alpha上新