5.9, Friday, Analysis of Ethereum's Early Market Thoughts!

The market in the past two days has been observed by everyone, the bulls are celebrating, and the bears are suffering heavy losses. The price surged from around 99,000 to 104,000 in one day, while Ethereum rose from around 1,780 to 2,220. There is a fear of heights, but the more fearful we are, the more it needs to rise. This morning, let's not talk about anything else, but first look to repair my short position and re-enter. Last night I lost to the bulls, but today I refuse to believe that the tragedy will repeat itself!

On the one-hour chart, the running channel has formed a large opening state. After the price dropped sharply, it weakly consolidated, and the bearish momentum is strong. The moving averages are converging and leaning towards a downtrend, with limited upward repair capabilities. Time cannot be exchanged for spatial repair; instead, it may lead to further accumulation of bearish momentum for a downward break. The operation remains dominated by bearish positions.

On the four-hour chart, the price stabilized at the middle track but failed to hold the high. The running channel has formed a narrowing downward state, and the volume has not been significantly released. Despite signs of a bearish reversal, the moving averages have clearly turned down. The small cycle shows weak fluctuations, and there is a certain demand for further downside. Moving forward, we will maintain a strategy focused on high short positions.

Bitcoin Trading Suggestion: Short in the 103,000-104,000 area, targeting 102,000-101,000.

Ethereum Trading Suggestion: Short near 2,200-2,220, targeting 1,980-1,950. #BTC重返10万 #Stripe稳定币账户 #BTC交易 #美联储FOMC会议 #Pectra升级 $BTC $ETH