5.24 Early Morning Latest Bitcoin Market Analysis

Although Bitcoin experienced a significant decline yesterday, dropping from around 111,000 to a low of 107,000, the market has shown some bullish resilience. After forming a double bottom support in the 107,000-107,800 range, the price rebounded and gradually formed a **W-shaped bottom structure**, indicating that bearish momentum has weakened, and low-level buying interest has begun to emerge. Currently, the price has rebounded to around 109,500. If it can stabilize above the 108,000 support and break through the 111,000 neckline resistance, it is expected to initiate further rebounds, targeting the 113,000-115,000 range. In the short term, the market is still in a phase of long and short battles, but the embryonic form of the W bottom and the strength of low-level support provide backing for bulls. The key observation point is the breakthrough of the 111,000 level; if it successfully stabilizes, the rebound trend will be confirmed; on the contrary, if it loses the 107,000 support again, one should be cautious of a deeper pullback risk. In terms of operations, one could pay attention to low buy opportunities in the 108,000-107,800 range, waiting for the trend to become clearer. #美国加征关税 #加密市场回调 ￥#币安Alpha上新 #以太坊走势 #币安LaunchpoolHUMA