Intraday short positions made a small profit; continue to ambush short at high positions! 5.10 Bitcoin and Ethereum evening strategy

Today, three rounds of short positions were made on Ethereum, and the last order was lightly entered and swept. The intraday short position for Bitcoin has finally turned profitable. Ethereum's intraday rebound belongs to a fluctuating upward trend, and the pullbacks have not broken below the hourly 10-day moving average, which is currently moving up to around 2400. After Bitcoin broke through 104000 intraday, it has slowly retreated and has now broken below the hourly 20-day moving average, with the two major cryptocurrencies diverging!

This situation is because after Bitcoin rose, the market believes Ethereum has not reached its peak. The funds involved have increased, thus driving the coin price up. After all, during the last round when Bitcoin was at 100,000, Ethereum was close to 4,000. But as Bitcoin falls, Ethereum rebounds against the trend, and there is a possibility of being dragged down by the big brother later. Therefore, everyone should be cautious about chasing the rise; only when Bitcoin remains stable can Ethereum continue to rebound! Plus, it’s the weekend, and the funds in the spot ETF market cannot flow in!

So for evening operations, Conan suggests primarily ambushing short positions at high levels! Pay attention to resistance at 104000, 104500, 105000, and 106000 above, and support at 102200, 101000, 100,000, and 99000 below.

5.10 Bitcoin midnight strategy: Short at 103500-104000, defend above 104500, aim for around 102500-102200, if broken, aim for around 101500-101000, hold if broken based on the situation!

5.10 Ethereum operation strategy: Short at 2440-2470, defend near 2500, aim for around 2400-2370-2350, if broken, aim for 2320-2300, continue to hold if broken based on the situation!

Long position strategy: For Bitcoin, consider entering long at 101000-101300, defend near 100,000, aim for around 102000-102500-103000, hold if broken based on the situation!

For Ethereum, consider entering at 2250-2280, defend below 2220, aim for around 2320-2350-2380-2400, hold if broken based on the situation!

The Sino-U.S. negotiations have officially begun, but currently, there is no news, and it seems to be at an impasse. Unless the U.S. side backs down, it is difficult to have a good outcome! Everyone stay tuned! #关税谈判 #山寨币交易