$BTC 5.22 Bitcoin market analysis
Two routes for Bitcoin:
1. ABC rebound structure, followed by a decline, the minimum target of wave C is 69,000. The support level below is around 60,000.
2. Direct reversal and breaking the new high.
The final result of both structures is upward, but a decline must be guarded against.
Currently, the ABC structure is met, but it has not yet been confirmed whether it will take the direct reversal route. Bitcoin rose nearly 10% in one day, and the risk of chasing high is high. Today's strategy should be mainly defensive, and it is not recommended to chase more.
#开单建议 All long orders have their stop losses moved up to above the opening price to lock in profits. Bitcoin moved up to above 69,000, and all long orders fell below 69,000 to stop profit.