【May Day Holiday Market Strategy Update】

During the European trading session, the price of Bitcoin quickly surged to refresh its historical peak, showing signs of short-term overbought conditions on the technical side.

It is suggested that aggressive investors can take small short positions in the range of 96300-96800, with the first support level to watch at the 94500-95000 USD area. If the price effectively breaks through the previous high, timely stop-loss is necessary.

The trend of Ethereum is linked to Bitcoin, so the trading strategy can be executed in sync with Bitcoin. Given the current market volatility, please pay attention to controlling position risk.

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