Today is Thursday, May 22nd, and this wave of market movement has arrived as expected. Our expectation for this month is to push towards the previous high of 110,000.

Now that it has broken through, this wave of increase can only be described as unexpected.

The rise is quite aggressive, but fortunately, we have basically captured most of this bullish trend. Although it wasn't perfect, overall, we are quite satisfied.

Currently, there has not been a top structure formed yet, and without seeing a peak, we still cannot go long. We should wait for a better position to enter. The current position is not ideal for participation compared to previous levels.

There aren't many opportunities, so we should wait for a pullback and for a pattern to form before determining the right entry point.

Yesterday's lowest price of 106,000 has already become a significant support level.

There is no historical high above to reference, so we can only rely on past trends to predict a high point in the market, which is approximately at 115,500.

The altcoin has been somewhat constrained in this wave, while Bitcoin has already broken new highs repeatedly, the altcoin is still oscillating.

Overall, throughout this wave, the altcoin has been dragged along by Bitcoin. It is still within this oscillation range and has not broken out.

Currently, the main focus is still on the bullish side, as Bitcoin has not yet peaked, so the altcoin naturally will not decline. Therefore, we remain bullish. From last night until now, we have already captured several waves of long positions. After the drop last night, we entered long positions right here.

This morning, we also took another wave of long positions. This morning, at the position of 2,602, we entered a long position targeting a breakout at 2,615, aiming for 2,645. This large wave was also very perfect.

At the current position, we can only say to go long at lower levels, as overall, Bitcoin has reached a very high position.

However, it hasn't started to rise yet, so Ethereum seems to have a chance for a catch-up rally. The first entry position is at 2,560, which is a good entry point at the industry's low.

There is also another position at 2,588, so we have two entry points for long positions at 2,560 and 2,588.

The upper target is primarily at 2,648, which is the current resistance level that has been tested twice. The reason the teacher mentioned that the resistance is at 2,648 is that we only need to reach 2,645. Perfectly, it just hit 2,647, and we have already taken profits at 2,645.

Clearly, from a structural perspective, a head-and-shoulders bottom has formed, and now we are waiting for a breakout above 2,648.

Once we break through 2,648, the upper space will open up to 2,735, which also needs to break. So currently, it is evident that we are building momentum to break through 2,646; we just need to wait patiently.

If you are unsure about the entry points, you can follow the public account: KK Strategy

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