5.20 Bitcoin, Auntie's Thoughts in the Early Morning
Bitcoin surged strongly after the US stock market opened, with no technical analysis to speak of. The market has been quite volatile these past two days, but it is clear that Bitcoin is determined to break through the 106,000 position and hold its ground. Tonight's market is expected to return to 106,000 and stabilize at this level, provided there is no significant pullback on the 4-hour chart. In the short term, the target can be set towards 110,000.
In comparison, Auntie's performance these past two days has been much weaker compared to Bitcoin, as if she has accepted her position as the second. However, if Bitcoin rises above 106,000, the price of the second coin will inevitably follow to around 2,700.
