#MichaelSaylor暗示增持BTC 5.12 Morning Market Overview: Are US-China negotiations favorable for cryptocurrency?

Bitcoin closed this morning with a lower shadow on a bearish candle, and the weekly chart shows a solid bullish candle.

The US and China reached a trade agreement in Geneva, and both sides are very satisfied with the results. Let's see how the White House announces this favorable trade information today, which also indicates that US trade is starting to transition from rhetoric to tangible negotiations, creating a dual narrative for the bullish and bearish markets.

Yesterday, this trend line remained useful; every time it retraced to the trend line, it rebounded immediately, and it did not break below the trend line, just a quick dip and recovery. Based on the current market, Bitcoin still belongs to a fluctuating accumulation and repair phase, having risen too much at once and needing to digest; then, in the next step, it will naturally fall back to the accumulation phase for a final second rebound.

For trading, I still choose to buy on dips, waiting for a retracement to the trend line and the support resonance point near 10.38 to go long, or entering long positions after a breakdown and a retest, with a stop-loss at the breakdown point and a target of 10.5; for short positions, one can set up shorts in the range of 10.57-10.64. Most people are currently choosing to short because after a significant rise, a drop is expected. Everyone's strategies are different; trading should not rely solely on gut feelings.

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