Will Bitcoin break new highs after adjustment?

After the operation of the big coin over the past week, the trend has gradually become clearer. From a cyclical perspective, a typical double star pattern has formed, indicating that the market will continue to oscillate downwards. Additionally, the daily level has also not formed a bullish trend, and the current rebound can be seen as a false rebound. As long as the market breaks below the trend line, we can enter short positions on the right side; we do not chase the beginning or end of the trend, but only the middle, which is one of the safest strategies! The resistance and support levels mentioned daily are meant to help you understand entry and exit points. Currently, the market can only attempt to reach new highs if it stabilizes above 108500, but this is clearly not achievable in the near term. Therefore, today's resistance should focus around 107000. (For spot trading, continue to wait for the best position to enter.)

Ethereum is linked to the big coin; once the big coin enters a sharp decline phase, it will similarly drag down Ethereum. From the indicators, there have been two instances of top divergence in the past two weeks. As time progresses, it is highly probable that it will break below the low of May 19. It is recommended to remain observant and wait for a suitable price before considering entry.

Currently, apart from these old coins, most of the market coins including the top two are in a bearish structure. Short-term traders may consider exiting after a rebound, while long-term traders can continue to hold.

XRP is expected to continue its oscillating trend, so observe more and act less. Currently, just focus on the resistance at 2.3 and the support in the range of 2.04. In an unclear market, maintain a wait-and-see attitude.

BGB has gone through a week of adjustment and oscillation, and the market has adjusted quite a bit. A short-term rebound is expected, but chasing it is not recommended. The recent rebound is not expected to be too bad.

doge is expected to continue its oscillating trend. As long as it does not drop below 0.17 for two consecutive days, then a major adjustment is unlikely to occur. For spot trading, it can be bought in batches, but it is not recommended to act recklessly with contracts.