After hitting a historical high of $111,980, where will BTC head next?
The major coin has finally shown signs of a fluctuating pullback adjustment, briefly falling to around 106800 last night. Yesterday, Sister Sheng also provided an analysis, indicating that the support level to watch below is around 106000, which is also in line with expectations. Currently, it is still within the fluctuation range anticipated by Sister Sheng. The liquidity has been relatively poor over the past couple of days, just providing a range for the fluctuations. Next Monday, the US stock market will be closed, and after three consecutive days, it should be quite adjusted!
In terms of trend:
From the daily chart perspective, as long as there is no effective break below the key support level of 106000, maintaining a fluctuating sideways movement here can effectively wear down market sentiment. At the same time, this is a point worth paying attention to in the short term. If it breaks down, we will reassess the trend direction. For the upside, we should temporarily watch the new high position; it should not continue to surge in the short term, especially without any news impact. We also need to pay attention to the liquidity concentration clearing position around 114000!
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BTC Analysis: May 24, 2025 Daily Chart
