Thursday, May 22, 2025

Bitcoin Evening Trading Strategy:

From the weekly level, Bitcoin has seen six consecutive weeks of gains, and the bullish candlestick pattern is strong. If it continues to close bullish this week, it indicates the potential for a push to higher points next week. The resistance level at 114,000 points is worth paying close attention to. If the price merely breaks slightly above the previous high to create a new high, one should be cautious of a double top pattern forming. Once the double top is established, the market in the second half of the year may face significant downward pressure. At this time, timely profit-taking and loss-cutting are necessary to avoid potential risks.

In the evening, focus on the support levels around 107,000 points to 106,000 points. If it can effectively maintain operations above 106,000 points, the upward trend will continue. Pay attention to the resistance level near the intraday high of 111,880 points above.

If it breaks down below the support level of 106,000 points in the evening, there will be a continued downward retracement trend. Below, pay attention to the support levels of 104,000 points, 102,500 points, 101,400 points, and 100,700 points. Then, further down, watch the support level at 99,000 points and 97,900 points.

In the later period, if it can effectively maintain operations above 97,900 points, there will still be a strong upward trend.

Bitcoin Evening Trading Suggestion: Go long near the support levels of 106,000 points and 107,000 points, with a stop-loss point below 105,000 points

#币安LaunchpoolHUMA #比特币突破11万美元 #BTC再创新高 #币安Alpha上新 #币安HODLer空投HAEDAL $BTC $ETH $XRP