Evening Strategy on May 6

Recently, Bitcoin has shown an overall downward trend. Since reaching a peak on May 3, it has started a continuous decline. Currently, the price is hovering near the lower band of the Bollinger Bands, indicating that the market has entered an oversold state and may enter a consolidation phase in the future.

In the short term, market volatility is gradually narrowing, and the price is likely to continue oscillating in a low range. The current state of the Bollinger Bands indicates that downward pressure still exists. However, if the price can stabilize near the support line, there might be a rebound in the short term. The combination of hammer candlestick and black three soldiers pattern suggests that the market will remain weak in the short term. Therefore, evening operations should focus on short positions.

Bitcoin trading strategy: Short near 94600-95300, looking down at around 93000. Contact: #BTC