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#BTC Breaks Above $107,000
Analyst Liang Qiu: BTC breaks the high point again on 5.21. Pay attention to the conversion of Doko.
The BTC market experienced a pullback last night before starting to rally again. It dipped to around 104100 and 2438, with an overall trend clearly strengthening. Following this, a rebound occurred, and during the daytime rally, BTC even broke through the recent daily high, reaching the 107700 level. Breaking the high will inevitably be accompanied by some pullback, so we should mainly focus on the extent of the pullback. Currently, all daily MA indicators have started to turn upwards, with the 7-day moving average support near 105000. Moving forward, we should monitor this support level.
Auntie BTC's K-line pattern has recently fluctuated around 106000 and 2500, forming a narrow range consolidation pattern. The daily level shows a slight pullback after a continuous rise, but overall it remains in an upward trend. In terms of technical indicators, the 4-hour MACD shows a bullish arrangement, with both DIF and DEA moving upward, indicating that market sentiment is optimistic in the short term. A timely adjustment is needed for a trend change, and it is important to patiently wait for a pullback to enter positions in accordance with the trend.
Trading recommendation BTC: around 105800 to 106400, target near 108500; ETH: around 2500 to 2520, target near 2600.
The publication has timeliness, with specifics based on real-time. #BTC突破107,000美元 #BTC未平仓合约量创新高 #SEC推迟SOL ETF审批