5.12 Morning Thoughts
In the 4-hour short-term timeframe, the Bollinger Bands are gradually narrowing, indicating that the market's short-term volatility is converging; the MACD indicator's dual lines are continually close to the zero axis, suggesting a temporary stalemate between bullish and bearish forces, and the price remains constrained by the resistance level above, making it difficult to break through. Based on the above technical characteristics, the morning trading recommendation is to focus on shorting at highs, looking for entry opportunities near resistance levels.
Bitcoin trading strategy: short around 104800-105500, targeting near 102500
Ether trading strategy: short around 2540-2570, targeting near 2480
