Analyst Liang Qiu: 5.16 Bitcoin Aunty Continues to Fluctuate, with Trend Analysis

After successfully closing two positions on May 14, Bitcoin Aunty again publicly secured two positions yesterday. Bitcoin Aunty has repeatedly surged and then retreated to the 101,500, 2,475, and 2,515 levels, with overall space looking very good. In fact, since the day before yesterday, I have repeatedly emphasized that the support level for Bitcoin Aunty is 101,000 and 2,500, while the pressure is at 2,650 and 105,000. As the underlying strategy suggests, there is no need for further elaboration. Currently, the market sentiment is rising again, and overall it is still in a sideways fluctuation, with clear overhead pressure. After multiple oscillations, a unilateral trend is likely to emerge; it is important to note that Bitcoin has a critical level at 10.5; if it does not break, it will continue to drive other declines.

On the daily chart, Bitcoin Aunty is currently hovering near the MA7 moving average, and the overall trend is indeed quite strong. However, Bitcoin has not effectively broken through the recent multiple pressure levels at 10.5, so no breakthrough action will be taken before that. The short-term MACD indicator shows a momentum sell signal, indicating a need for adjustment, but the price is running above the critical moving average, and the medium to long-term trend still points upward. Over the past few days, it has continuously oscillated around the 7-day moving average. As the daytime continues to lift market sentiment, there is still some upward space but no need to chase the rise; wait for a pullback under pressure.

Trading Suggestions BTC: Range from 10.43 to 10.48, target around 10.25; ETH: Range from 2,610 to 2,630, target around 2,530.

This article is time-sensitive; please refer to real-time data for specifics. #稳定币日常支付