5.7 Wednesday Evening Trading Ideas

There is quite a bit of news tonight, and at 2 AM there will be a speech from Powell, which will trigger a wave of price movements. This morning's surge directly lifted the price from around 93500 points last night to 97500, gaining nearly 4000 points in space. The long positions taken on the dip did not capture the full range, only netting just over a thousand points.

This evening's overall strategy should be a mix of long and short positions. Currently, the price has stabilized around 96800 points with no action taken. However, the overall strategy will still favor short positions. The short position taken this morning also hit the target profit as expected, and gradually reducing the positions, with some still held.

Looking at Bitcoin, we need to see if the pressure level of 97800 can be effectively broken. Currently, if the price can break below the pressure level of 96000, the subsequent price movements will become much clearer. However, the fact that the morning's pullback did not break below indicates that the bulls are still relatively strong.

Evening Trading Suggestions

Short directly from 97000 to 97800, aiming for 95600; if broken, continue to look down at 94000. If 96000 does not break, go long on the rebound.