5.8, Thursday, Analysis of Ethereum's Late Night Strategy!

Today's market is visible to everyone, crushing the bears and lifting the bulls. In the morning, we advised everyone to go long, and they should have profited. In the evening, we look forward to a correction; entering high shorts is the plan. I entered relatively early and am still somewhat trapped in Ethereum, but I should be able to exit tonight, so those with short positions don't rush!

From the one-hour technical structure chart, the price channel is oscillating and moving lower, with signs of the lower channel opening up. However, due to the slow rhythm, the pullbacks are accompanied by corrections, and the volume conversion between bulls and bears is frequent. The downward oscillation pattern is already obvious. For the upcoming short-term strategy, we will maintain a rebound to short.

On the four-hour level, the running channel forms a strong contraction and is under pressure from the upper track, with the price weakly moving lower within the box. The bullish volume release is obstructed and shows a weak state, and the moving averages do not show a significant upward shift. The smaller cycles also indicate a further need to move lower. The short-term oscillation is evident, with resistance at highs showing a retracement. In the upcoming strategy, we will mainly participate in high shorts.

Bitcoin personal operation suggestion: Short in the 99500-100000 area, targeting 98500-97500.

Ethereum personal operation suggestion: Short in the 1960-1980 area, targeting 1910-1900.