Wednesday, May 14th, strong pressure remains unbroken, continue to be bearish

It’s Wednesday again, the time for market fluctuations. Bitcoin had a significant drop on Monday and rebounded again yesterday, basically recovering all of its losses. However, it still showed signs of pressure in the 105000 area, currently returning to the 104200 area. After Bitcoin achieved a round of decline in the morning yesterday, the intention was to continue shorting, but the market continued to rise, resulting in unfortunate losses for long positions at the current price. The short-term trend shows a choppy movement, and as long as the price cannot stabilize above 10500, we should maintain a bearish outlook!

Currently, the daily line shows clear high-level pressure, and the short-term upward pressure is strong. The market has attempted to rise multiple times without success, so we should focus on the top and bottom transitions in this area. If it doesn't break, continue to short. Conversely, the 4-hour chart is more evident, with a short-term trend forming a wide range of fluctuations. After probing the 100700 area and rebounding upward, it faced pressure at the 1050000 area. The market’s back-and-forth movements have not formed an effective one-sided trend, so we will continue to focus on shorting on rebounds for short-term operations.

In the morning of Wednesday, it is recommended to short Bitcoin at 104500-10500, with a target focus on the 102000-101000 line.

In the morning of Wednesday, it is recommended to short Ethereum at 2690-2700, with a target focus on the 2600-2500 line.