5.8 Afternoon Thought Analysis

The morning thoughts regrettably hit the stop loss due to news-driven upward movements. From a technical perspective, there have been three consecutive daily gains, with long lower shadows for the past two days. The Bollinger Bands are still in a contraction phase, the KDJ lines have formed a golden cross and are diverging upwards, the MACD lines are converged at a high level, and trading volume has significantly decreased, indicating consolidation at high levels. This morning, there was another surge breaking the 980 level, resembling a trap to lure buyers; everyone should be cautious about chasing the rise! The afternoon strategy remains a high short perspective, with proper stop-loss measures and avoid going against the trend.

Afternoon Trading Strategy

- Short near 988-995 for Bitcoin, targeting 960-950.

- Short near 1860-1880 for Ethereum, targeting 1800-1750.

Personal advice for reference only #美联储FOMC会议 $BTC $ETH