Analysis of the early morning thoughts on May 16

After testing the bottom support on the four-hour chart, there was a rapid recovery in the price, fully reclaiming the profits from the intraday decline. Currently, it has formed three consecutive bullish candles, pushing up strongly, and has reclaimed the price range back between the middle and upper bands. However, the recent sharp drop followed by a rapid rise has not yet led to a breakthrough at higher resistance levels. Currently, the upper resistance is around 104800, and if the price does not break upward further, there remains potential for a downward move.

From the hourly perspective, after the golden cross of the indicator, it has recovered nearly 2000 points, and the KDJ is diverging upwards, but the fast line has reached the oversold area, indicating a certain need for a short-term pullback. The operation in the early morning continues to maintain a bearish stance.

The pancake can be short at 104100-104700, watching around 102000.
The secondary wife can be in the range of 2600-2620, looking near 2500. #PFVS Launchpad 认购开启 #BTC行情预测 #关税调整