5.8 Morning Bitcoin Market Analysis!

First, let's talk about the long position set at 1780 yesterday, which didn't get filled, so I decisively entered a long position near 1800, perfectly reaching the target, capturing a 40-point range.

Alright, back to the main topic.

The high points of the market are continuously rising. Connecting the two high points in the market forms a downward trend line. As long as the price stays below this downward trend line, the trading strategy should focus on short positions. The direction of the trend line indicates the direction in which we should enter trades. When the price breaks above this downward trend line, the downward trend may turn into an upward trend, or it may drop again after a period of consolidation.

Whether it's a downward trend after reaching the top or an upward trend after reaching the bottom, it requires some time to build a top or bottom before a reversal can occur, rather than simply judging the market reversal based on the breakout of the downward trend line or the breakdown of the upward trend line. The breakout of the trend line is just a signal for a potential reversal; whether the market can truly reverse still requires further observation of future movements. The overnight news did not bring significant fluctuations to the market; instead, there was a stealthy pullback this morning, with Bitcoin touching the 98800 level and quickly retreating, currently hovering around 98500!

The daily chart shows a wide range of fluctuations; rebounds represent opportunities. This morning, I suggest first taking advantage of a pullback, focusing primarily on shorting at highs!

Personal trading suggestions:

Bitcoin: Short at 98500-98800, target around 97000-96000!

Ethereum: Short at 1850-1870, target around 1780-1730!

Remember! The more erratic the market, the fiercer the opportunities! I am Buddha, serving only those with vision and ambition!

Analysis is not easy; I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below—I will reply to each one.