5.2 Friday Bitcoin Market Analysis
Last night, Bitcoin surged to 97400 before pulling back. Our short strategy at 97300 successfully garnered over 1000 points in profit. The current trend shows a rise followed by a fall, with bullish momentum weakening and high-risk in chasing highs. It is recommended to focus on short positions.
Technical Analysis: The daily chart shows a large bullish candle with a long upper shadow, indicating strong selling pressure at high levels; the four-hour chart shows a 'pincher top' pattern emerging, suggesting exhaustion of upward momentum; the hourly chart shows a cross star at the top followed by consecutive bearish candles, indicating a potential peak.
Operations: Short Bitcoin at 97200-97700, target 95500-95000, with a breakdown target of 93700; short Ethereum at 1840-1870, target 1750-1780. Strictly control stop-loss, operate with a light position. #加密市场反弹
