#BTC行情预测 5.16 Morning market overview: Will BTC complete the butterfly pattern after forming a W bottom?

BTC formed a hammer candlestick in the morning, with an intraday upward trend.
The 4H BTC has formed a W double bottom structure and is currently in an upward structure; resistance above is at 10.43, 10.5, and 10.57, while support below is at 10.37, 10.27, and 10.14; at the same time, there is a butterfly pattern appearing for BTC, predicting that the D point will land at 10.7273, which will form a reversal, allowing for a left-side ambush for shorting, defending at 10.8, and according to the harmonic targets of 10.4767 and 10.3205, but we can move the stop-loss according to the upper support for taking profits; in summary, BTC is a bullish structure.
Looking at the 1H BTC, it is an ascending triangle. You can wait for BTC to pull back near the trendline at 10.37 to enter a long position on the right side, or wait for a break below the trendline and then a pullback to enter a long position in the direction of the trend. The stop loss should be set at the break point, with targets at 10.43 and 10.5.
Involved in today's market, it is recommended to mainly go long on dips, as it is currently a bullish trend. The W-bottom has formed a right shoulder that needs to pull up, and high shorts can be ambushed on the left side to reach the point of the butterfly pattern.
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