**Bitcoin Short-term Trading Strategy (May 14, 2024)**

**Entry Direction**: Buy on dips, cautious on chasing highs.

**Trading Logic**:

1. **Technical Support Level**: Currently, Bitcoin is oscillating in the range of $101,000-$104,000, with the 4-hour EMA20 support moving up to $102,300-$102,800, allowing for light long positions to be entered within this range.

2. **Targets and Stop Loss**: If support is maintained, the short-term target is $104,500-$105,500 (near previous highs); if it falls below $101,000 (strong support), then stop loss, controlling each trade's loss to ≤5%.

3. **Risk Factors**: Weakening MACD momentum, slowing ETF capital inflow, and whale selling pressure may trigger a pullback, requiring caution against falling below the psychological level of $100,000.

4. **Position Management**: Total position should be controlled at 60%-70%, keeping cash to respond to volatility, and avoiding high leverage.

**Key Focus**: Progress of the US-China trade agreement, signals from the Federal Reserve's policies, and the flow of Bitcoin ETF funds; if it breaks through $105,000, consider adding to positions. $BTC