$BTC $ETH 5.16 Early Morning Thoughts

The Bitcoin trend shows a clear one-sided downward movement. The price began to decline immediately after the morning video opened, fluctuating downwards until it touched the low point of 101,500 in the evening, where it finally stabilized. After a brief rebound to around 102,700, it faced strong resistance and fell back. After the U.S. stock market opened, market sentiment was affected by the correlation, and the Bitcoin price again surged and then retreated, probing the intraday low of 101,200. However, due to strong support below, the price quickly rebounded back to around 103,500. Ethereum's trend is highly correlated with Bitcoin, also experiencing a downward process during the day. During the white market period, it continued to weaken, and after retreating to a low of 2,475 in the evening, it rebounded, reclaiming the intraday losses and raising the price range to around 2,600. Our intraday layout was based on a primarily short perspective, which was perfectly validated, with Bitcoin achieving a total gain of 3,220 points, and Ethereum achieving a total gain of 173 points. The current market continues to fluctuate; in such a market, the strategy is simply to follow the trend, and the operation is that simple.

After testing the bottom support on the four-hour chart, we quickly welcomed the recovery of the price ratio, reclaiming all the profits lost from the earlier decline. Currently, we are seeing a strong upward trend with three consecutive bullish candles, bringing the price range back between the middle and upper bands. The current rapid drop accompanied by a rapid rise has not yet resulted in a breakthrough of the high point resistance, and the upper band resistance is currently around 104,800. If the price ratio breaks above this without further extending the bullish trend, there is still room for further downward movement. On the hourly chart, indicators have crossed positively, recovering nearly 2,000 points, while the KDJ is diverging upwards, but the fast line has reached the oversold area, indicating a certain need for a pullback in the short term. In the early morning operations, we will continue to maintain a high short perspective.

Bitcoin can be shorted at 104,000-104,500, targeting around 101,500. Ethereum can be shorted at 2,620, targeting around 2,500. #币安Alpha上新 #策略交易 #美国加密立法 #加密圆桌会议要点