May 21st Bitcoin Market Analysis

Bitcoin is currently reported at around 106,800. The long positions set by the VIP member group yesterday continue to be held, with the target looking above 108,000. Technical analysis shows that we may currently be at the end of an upward trend, and this structure was further confirmed after reaching a new high this morning. Although the medium-term bullish trend remains unchanged, it is important to note:

1) The upward momentum is gradually weakening

2) There is strong resistance in the 108,000-110,000 range

It is recommended that those holding long positions closely monitor for signs of stagnation and consider taking profits in batches when conditions are met.