BTC Daily Market Analysis (5.6)

Summary: First, divide the long and short positions, using 75,000 as the dividing line. If 75,000 is broken, then the rebound ends. Above 75,000, the bullish structure still exists. The daily and 4-hour neckline is at (Figure 2) 79,300. At any time, if the daily/4-hour close breaks below 79,300, it can be assumed that the rebound has ended. At any time, if 75,000 is broken, the rebound can be fully confirmed as over. So, these two levels are worth monitoring.
The rebound target mentioned below is in the range of 82,000-85,000. This zone has been mentioned many times before, so now at this level, it is no longer recommended to chase longs. The reasons are still the same old points, so they will not be repeated. As for short positions, they are also being taken in batches for the long term within this range. Once the market breaks the structure later, more specific details will be refined.