$BTC May 16th Morning Commentary:

Good morning everyone, it's Black Friday again. Let's briefly discuss yesterday's market trends. Throughout the day, the market remained bearish, and there's no need for additional comments. The support level continued to move south around $101,300, while the second support level is near $2,470. In the early morning, there was a rebound up to around $2,600, but ultimately, it couldn't stabilize and fell back down.

Currently, the daily chart for molybdenum still indicates a bearish trend, and Bitcoin remains relatively stable; the leader is still the leader. Personally, I believe:

Bitcoin rebound: around 104,000-104,600

Looking towards: around 103,100-102,200

Ethereum rebound: around 2,570-2,600

Looking towards: around 2,520-2,490