5.25 Afternoon Market Analysis:
In today's morning session, BTC has effectively broken below the key support level of 108500, reaching a low around the price of 107000, which triggered a short-term bounce. However, the current rebound momentum is significantly weak, and the previous support level of 1085 has now turned into a strong short-term resistance.
Considering the shrinking market liquidity over the weekend, it is expected that an effective breakout will be difficult to achieve in the short term, hence it is recommended to focus on high short strategies for intraday operations.
Di Ge's trading suggestion: When the price rebounds above 1082, you can look to enter short positions at a high. The first target level is set at 1070; if this support level is effectively broken, it may further drop to the 1062 level. Be sure to manage your positions and control risks.
