btc Today's Market Analysis: 🔥🔥🔥

btc's recent surge has directly reached the upper Bollinger Band of the monthly line, while sol's rise has reached the upper Bollinger Band of the 5-day line. Currently, the 5-day MACD of btc and sol has shown the first signal of weakening upward momentum.

However, eth's 5-day MACD has not yet shown a signal of weakening upward momentum because it lags behind btc and sol. So far, it has not rebounded to touch the upper Bollinger Band line near 2800. Can this gap be filled?

Returning to the significance of the first appearance of weakening upward momentum on the 5-day line. If 2-3 more signals appear consecutively in the next 2 weeks, a large bearish candle will form. The most recent support level on the 5-day line is 104600. However, the weekly MACD is still opening upward, and only when it drops to 102000 will it show a signal of weakening upward momentum, at which point a deeper adjustment will occur. We are already approaching the end of May; April and May have been upward months, and June, as the last month of the second quarter, is likely to be a transitional month for a downward change. It cannot keep rising indefinitely. The funds required for btc prices above 110k are too enormous; if they cannot keep up, adjustments will be needed to build momentum again.

Therefore, in the short term, it is not recommended to chase highs during the upward process; one can only buy on dips to the lower support points. It is important to grasp the low buys in the short term; as long as 112000 is not broken, it means 108800 has not stabilized. If it dips down, it will break below 108200, landing in the strong fluctuation range of 107700-106300. Thus, low buys can only be made in the 107700-106300 range. If the price drops below 106000, it indicates that it has fallen out of this fluctuation range, and we can then look down to the range of 105000-102400.