Good morning, everyone! 5.7 Market insights are here～

This morning, Bitcoin surged to around 97500, and the market became lively all of a sudden!

But let's stay calm! This rise is fast, and it can easily pull back; don't get impulsive and chase after the highs!

Although the bulls were strong last night, we need to keep an eye on the overbought signals～

In the early session, I suggest selling high and buying low, wait for a pullback at the high before entering!

Looking at the daily chart, we have continuous small bullish candles maintaining support, and buying pressure is quite strong;

However, the 4-hour Bollinger Bands are narrowing, and if it can't break through the upper band, we might enter a consolidation phase, so a short position strategy is more prudent!

Trading suggestions:

Bitcoin: Open shorts at 97600-98000, target 95000 Ethereum: Short around 1840, target 1790

Remember to manage your risk before taking action, and proceed steadily! #美联储FOMC会议