UPDATE VIEW $BTC FOR THE UPCOMING TIME

Currently, after reaching a new peak, $BTC has not activated the fomo wave as anticipated. The RSI is currently below ema9 and ema45. EMA9 is trying to cut into ema45.

Resistance has formed around the 108k5 - 110k5 range. The two nearest support levels are around 105k7, further out at 100k and 90k.

In the case that BTC closes a daily candle below the 105k7 range, it will trigger a sell wave across the entire market. Additionally, as we are entering the end of May, the fear of "sell in May" is still present.

During the same period last year, after the meme wave ended, we also experienced a prolonged sell wave until the end of July - August.

On the H4 chart, a head and shoulders pattern is gradually forming.

=> In the coming months, we will focus on selling towards the support levels. Avoid catching altcoins until there are clear signals.