5.21 Evening Analysis

Currently, from a daily chart perspective, Bitcoin has been consolidating at high levels and seems to be on the verge of breaking north again. After the second attempt to reach the previous high of 107,000, it faced resistance but the support level at 104,000-105,000 remains strong. The resistance level is at 106,500-107,000, and as long as it does not break below 101,500, the upward trend remains unchanged 🚨

The instrument continues to probe north towards the 2,580-2,600 range before starting to pull back, with support at 2,500-2,450. If it breaks this level, we will look at the 2,350 level. The resistance level is between 2,580-2,600, and if it breaks above, we can look towards 2,700; 🚨

Trading Strategy: The short positions established yesterday have been precisely closed for profit. Currently, we are again in a phase of a pullback after a rise, so it is recommended to cautiously set up long positions at lower levels!

The market has never lacked opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more!

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