The triangular convergence has broken, this needle has not been retracted, and it may need to continue to fall in the short term.

#BTC走势分析 2025.5.12 Evening BTC Market Analysis, I have been telling the brothers to be bearish and not to short, and it seems that was correct. BTC has been rallying, and following the trend lines I drew earlier, the pullbacks for long positions have been consistently profitable. Today, with the emergence of some news, we saw a large bullish candle, bringing profits of around 200%, it's fantastic.

Currently, BTC is still in an uptrend, but on a smaller scale, it is forming a triangle convergence structure, with highs getting lower and lows getting higher. It seems a direction will emerge in the next few days. This evening, let's first look at taking profits around the high point of 104631. If it breaks and retests without falling, we can consider adding to our positions. For pullbacks, watch 104122, 103219, and 102400. If you're worried about missing out, you can build positions in batches around these levels. If you can't accept a stop loss, you can go long around 102400. If it falls below that, the stop loss is triggered, and we can look directly at 101000 and 99300.