#BTC即将创新高吗？# 5.12 Morning Market Overview: Is the China-US negotiation Favourable Information for Crypto Assets?

The Bitcoin has a lower shadow and a solid bearish candle in the morning, while the weekly line shows a solid bullish candle.
The US and China reached a trade agreement in Geneva, and both sides are very satisfied with the results. Let's see how the White House announces this Favourable Information about trade today, which also indicates that US trade is starting to transition from rhetoric to negotiation, performing a duet in the bull and bear market.
Yesterday, this trend line was still useful; every time it retraced to the trend line, it immediately rebounded, and it did not break below the trend line, just a quick dip down and then recovered; based on the current market situation, Bitcoin still belongs to a range-bound accumulation and repair market. It has risen too much at once and needs to be digested; then in the next step, it will naturally fall back into the accumulation phase for the final second rebound.
Continue to choose to buy on dips, wait for a retracement to the trend line and support resonance point around 10.38 to enter long, or enter long when it breaks down and retraces above, with a stop loss set below the breakdown point, targeting 10.5; for shorts, you can set up shorts between 10.57-10.64. Most people are currently opting to short because it has risen too much and will eventually fall. Everyone has different thoughts and strategies, and trades should not be made based solely on feelings.
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