5.7 Cryptocurrency Morning Market Analysis, Why the Central Bank Suddenly Cuts Reserve Requirements and Interest Rates

There are no absolute bulls or bears, only brave pioneers who can enjoy the world first!

Currently, the trend of a forced upward market is obvious, and in the short term, it will still test previous highs. Once broken, the likelihood of a continued upward movement is significant.

The Bollinger Bands on the 4-hour level continue to narrow. If the price cannot break through the upper band resistance, the market may shift into a range-bound oscillation. The suggested approach for morning operations is to mainly focus on high positions, with lower positions as a supplement.

Yesterday morning, it was mentioned to go long at 1785, targeting 1830. Although it held for tens of points, as of now, it has turned around, and I have taken profits and exited.