5.24 Afternoon Analysis:

Bitcoin's 4-hour chart has formed a Evening Star pattern, quickly surging and then retreating, indicating that a short-term top is starting to appear, and the market is entering an adjustment period. Current volatility is increasing, and there is significant room for a pullback. The moving average indicators are turning downward, so short-term operations should remain cautious. Key attention should be paid to whether the mid-track support can hold effectively; if it is broken, the adjustment space may further open up.

It is recommended to go long in the 107300-106800 range, with the target set around 110000. Focus on short-term low entries and manage positions carefully.