Significant progress has been made in the China-US tariff negotiations, and Ethereum is expected to be bullish in the long term while guarding against reverse harvesting! 5.12 Bitcoin Aunt's Strategy

The high-level talks between China and the US were candid, in-depth, and constructive, reaching important consensus and achieving substantive progress. Both sides agreed to establish a China-US economic and trade consultation mechanism. The two sides will finalize relevant details as soon as possible and will release a joint statement on the outcomes of the talks on May 12. The short selling strategy provided yesterday can capture several short-term movements; after a morning surge, the price showed a high-level consolidation trend without breaking the day's new high!

From a technical perspective, the daily chart shows a bearish candle with a long lower shadow, with the coin price running near the upper band. The three bands extend upwards, and the moving average indicators are also in a bullish arrangement. The KDJ three lines are currently running in the overbought zone, and the MACD dual lines are moving upwards but with slight volume contraction. The technical outlook remains bullish, but there is a need for a pullback, so today's focus is on the news from the China-US negotiations. If the details are signed and tariffs are significantly reduced, it could lead to a renewed influx of funds into the market. Therefore, intraday operations suggest focusing on pullback buying. The upper resistance levels to watch are 105000, 106000, 107000, and 110000, while support levels to watch are 103500, 103000, 102200, 101000, and the 100000 mark.

5.12 Bitcoin Trading Strategy: Aggressive traders can enter on a pullback at 102200-103000, while conservative traders can enter at 101000-101500, with a stop near 100000. The target is to look at around 104000-104500-105000, and if broken, aim for 106000-106500-107000, with significant bullish potential above 110000!

5.12 Ethereum Trading Strategy: Aggressive traders can enter on a pullback at 2430-2450, while conservative traders can enter at 2350-2380, with a stop near 2300. The short-term target is around 2600-2650, the mid-term target is around 2700-2750-2800, and the long-term target is around 2900-3000-3100-3200!

Short Selling Strategy: For Bitcoin, short once at the intraday rebound of 105500-106000, with a stop near 106500, targeting around 104500-104000-103500, with further action depending on the situation!

For Ethereum, short at 2580-2600, with a stop near 2630, targeting around 2540-2500-2480-2450, and adjust position or move stop-loss according to the situation!

If the China-US negotiations bring significant positive news, Ethereum has the opportunity to set up for the long term. However, if there is no substantial progress, one must also guard against coordinated reverse harvesting by the operators. Don't be too passive with the altcoins; continuously moving stop-loss to secure profits can prevent profit retracement. If Bitcoin and Ethereum drop significantly, the altcoins may struggle to recover!