5.5 Afternoon Thoughts

From the current market situation, the four-hour chart shows two consecutive bearish candles, with a large bearish candlestick plunging into the lower Bollinger Band, closing with a long upper shadow, continuously probing lower support levels. The price is at the lower Bollinger Band, which is in an opening shape, and the bearish force is still in play. Although there is a slight rebound, the strength of the rebound is not significant. Looking at the one-hour chart, it is currently in a consolidation phase around 94,000, with both bullish and bearish forces in a balanced state, and there are no signs of breaking through levels for now, with resistance above.

Advice

Short Bitcoin at 943-947, target 920

Short Ethereum at 1800-1820, target 1700.