Thursday, May 15: Latest Bitcoin Market Analysis:

In the early hours, the overall market presented a sideways consolidation trend, showing no significant movement. The price oscillated around 103,000, correcting slightly. Ethereum is also in a state of consolidation and accumulation, having hit a low of 2,582 before stabilizing. It is currently trading around 2,595, with a narrowing fluctuation space and minimal movement.

The four-hour K-line pattern is showing more clarity, especially as the K-line has been consistently operating at the top of the EMA trend indicator. The bulls are starting to shrink, and the pressure at the top is notably decreasing. The MACD has been continuously reducing volume while increasing positions, and the DIF and DEA are close to the 0 axis, with the top divergence pattern extending to the mid-line trend. The Bollinger Bands show the upper resistance at 105,200 and the lower support at 101,800, where the price should not break the box range for short-term operations! Currently, Bitcoin's quote is around 103,200, relatively positioned near the lower edge of the box range. Therefore, in terms of operations, consider accumulating on dips initially, and after a rebound, if it does not break the box, you can re-enter!

On Thursday morning, consider going long in the 102,500-103,000 range first. Pay attention to the 104,000-104,500 area above. If the rebound faces resistance, you can short around the high of the range and buy low!