5.5 Double Bottom Morning Analysis

The overall trend of the Double Bottom is highly correlated with the Big Cake. After probing lows overnight, it stabilized and rebounded. The oscillation’s overall center of gravity continues to move upward. Market “dobb” sentiment gradually improves, with sufficient bottom support and progressively weaker bearish selling pressure. Overall, the market has entered a favorable recovery and upward move.

The current market is in the rebound stage after completing base-building at a low level. There is limited room for short-term pullbacks. Overall, the recommended approach is to stick to buying on dips and taking trend-following long positions. The key short-term support is in the 2300-2320 range, with a strong support at the 2280 critical level. As long as the pullback does not effectively break and fall below this support area, the “dobb” structure remains intact.

The first resistance above is at 2380-2400. Once there is a strong breakout with increased volume, a new round of catch-up rally will be triggered, with further upside toward the 2450 and 2500 resistance levels.

Trading Suggestions
Buy “dobb” at 2340-2360, target 2400-2430, defense level 2320.#币圈 # #美国寻求战略比特币储备 $BTC