5.22 Zhiming Morning Analysis and Suggestions
Yesterday, Zhiming's evening analysis suggested a long position in Bitcoin, with a target of 1500 lots and a stop loss of 20 lots.
Looking at the chart, from a one-hour perspective, the price has been consistently closing bullish along the upper Bollinger Band, with the channel showing a trumpet-shaped expansion and the middle band continuously rising. The KDJ indicator has formed a golden cross in the short term and is maintaining upward divergence, while the MACD red momentum bars continue to strengthen above the zero axis, with bulls holding an absolute advantage. It's worth noting that the J line in the KDJ indicator has touched the overbought area, so caution is needed for potential short-term technical pullback risks. Currently, each rise has been followed by a corrective pullback, which has become a norm. The pullbacks often give bears hope, but in reality, they are just normal adjustments for accumulation. Today, maintain good defense, feel free to go bullish, and still rely on pullbacks to enter long positions for stability.
Zhiming's Suggestions
Bitcoin near 109500-109000, targeting 110500-111000
Instrument near 2550-2530, targeting 2590-2610
