5.9 Wan Bing Friday Afternoon Thoughts

The structural thinking still remains unchanged, the larger scale is gradually converging in space, which is basically a signal of adjustment and fluctuation. From the perspective of the adjustment and fluctuation space, it has not affected the overall trend structure of the bulls, so it is highly likely that we will continue to extend the previous strong performance to break the high. Similarly, we have always said that if the previous high points are continuously tested, the resistance level will also become ineffective. In the short cycle, the overnight performance remains strong, a typical process of continuously raising the low points. Although the current pace is relatively slow, this does not affect short-term operations. During the day, continue to look for long positions and watch for upward breakouts.

For Bitcoin trading, it is recommended to go long in the 101500-101000 area, targeting the 104000 area, and the defense should be according to personal position $BTC