5.8 Afternoon Thought Analysis
The morning thought unfortunately hit the stop loss, driven by news. From a technical perspective, the daily chart shows three consecutive bullish candles, with long lower shadows for the last two closing days. The Bollinger Bands are still in a contracting state, KDJ lines have formed a golden cross and are diverging upwards, MACD lines are tightly bound at a high level, and trading volume has significantly contracted, indicating consolidation at high levels. This morning, we broke above 980 again, resembling a classic bull trap; everyone should be cautious about chasing highs! In the afternoon, we maintain a bearish outlook, be sure to set stop losses and do not go against the trend.
Afternoon Trading Plan
- Short around 990-995 for Bitcoin, targeting 960-950.
- Short around 1900 for Ethereum, targeting 1800-1750.
