5.15 Market Analysis

The Bitcoin (大饼) experienced a narrowing fluctuation yesterday, oscillating in a narrow range around 1500 points, with bullish and bearish forces temporarily balanced. From a daily perspective, the price is consolidating at a high level, and the key resistance level has not been broken, indicating a significant stagnation signal and suggesting insufficient upward momentum. Currently, the market lacks upward momentum, and the risk of stagnation at high levels is increasing. It is recommended to adopt a short-selling strategy at high points to profit from the retracement opportunities in the range.

Trading Suggestions:

Bitcoin near 104000-104500, target down to around 102000-102500

Ethereum (姨太) near 2650-2680, target down to around 2530-2560