May 24 Trading Thoughts
🤔Market Analysis: Bitcoin is experiencing a pullback and rebound. The demand for a pullback in the long-term cycle is still present. In the short term, resistance is approaching. Do not rush to chase after price increases; clear support and resistance levels are evident. Just wait for the market to provide direction.
🤔Trading Plan:
1. Pay attention to the resistance results around 108000—108500. If it is under pressure, short; if it breaks through, chase the long.
2. Pay attention to the support results around 106000—106500. If it stops falling, go long; if it breaks down, chase the short.
