5.3 Morning Thoughts

From the hourly chart perspective, after the price surged from the 92800 level, it encountered multiple selling pressures above 97500, failing to achieve an effective breakthrough. Currently, the K-line has broken below the middle band of the Bollinger Bands and has continued to close in the red, indicating a gradual weakening of the short-term trend. The Bollinger Bands show signs of converging, with the middle band turning downwards, and bullish momentum is weakening. At the same time, the price is approaching the support at the lower band near 96000. Once this area is breached, it may trigger further technical adjustments.

Recommendation

Bitcoin: Short at 965-970, looking for 955#非农就业数据来袭 #币安HODLer空投STO $BTC