5.10 Morning Thoughts

From the daily level analysis, the overall trend still leans towards a bullish pattern. After a significant upward movement in the price, a small downward correction occurred. However, the upward momentum above has clearly slowed down, showing signs of stagnation. In the 4-hour chart, the price has attempted to break through the resistance levels twice but has not succeeded in maintaining upward momentum, instead oscillating within a range with alternating bullish and bearish candlestick patterns. After multiple attempts to rise, the price has faced resistance and retreated, indicating heavy selling pressure above, which suggests a risk of decline in the subsequent market. Therefore, it is not advisable to blindly chase the highs and go long at this time. Today's trading strategy can prioritize shorting at high levels and waiting for a price pullback.

Bitcoin Trading Strategy: Short near 103500-104500 on rebounds, targeting around 102000.