May 24th Bitcoin Market Analysis

Bitcoin has effectively broken below the key support level of 108,000, confirming the end of the upward structure. The technical indicators show:

1) Daily level top structure completed

2) Bearish momentum starting to release

Trading Suggestions:

• Continue holding short positions around 110,000

• Add to positions if there is a rebound to the 112,000-115,000 area

• Set trailing stop-loss to protect profits

Current market sentiment is weakening, it is recommended to primarily short on rallies, and not consider bottom fishing for now.