🔥05.14 BTC today's market analysis👇+ chart explanation pressure

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In the early morning, BTC broke through the trend resistance level around 103500, reaching a high of 104800, then retreated again, currently hovering around 103500. The trend chart is as shown; for BTC, continue to watch the previous high resistance level around 104800 during the day. It is recommended to short if the rebound does not break the 104800-104500 range; if it breaks, look for a short around 105800. On the downside, pay attention to the short-term pivot point around 103300. It is suggested to go long in the 101500-101800 range; if it breaks, look for a long around 100800.
🎉 ======================= Technically, the 12-hour Bollinger band opening, two positive columns in a row, continued to fall after the suppression near 105000, and has fallen below MA5 and MA10. The 6-hour Bollinger bands are shrunk, charging one to the hammer cross, there is currently a break below the MA5, MA10 and the middle band to cross the support near 103500, once it stands below, the target can pay attention to the support formed by the cross between the lower band and the MA30 near 102000. In addition, the MACD indicator still maintains a golden cross, and the price stands above the 20-day and 50-day moving averages ($100,890 - $102,822), indicating that the medium- and long-term ascending channel has not been destroyed, and the bullish trend still has some support at the daily level. However, at the same time, the daily MACD bulls have shrunk, indicating that the strength of the bulls has weakened, and they may face pullback pressure in the short term. To sum up, it is recommended to rebound high and short in BTC intraday operation.
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🎉The BTC trading strategy for today is shown in the following image 2👇
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Risk Warning: The market is volatile, and trading requires flexibility. Investment carries risks, and operations should be executed with caution.
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