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5.16 Friday Market Analysis

From the current market observation, the daily level is continuing the trend of yesterday's bearish close, with two consecutive bearish candles. The overall structure is still in a high-level game phase, with intense competition between bulls and bears. The strong downward pressure from the bears today has made it difficult for the short-term rebound to sustain. The K-line has long upper and lower shadows, indicating that the market has shifted from a strong rebound to a consolidation pattern, while also re-confirming the resistance zone above.

At the 4-hour level, the price quickly retreated after hitting the upper band, and has now formed a two consecutive bearish candle pattern. The K-line entity is full and has broken below the middle band support. This wave of rise and fall has shifted the market from a previous bullish dominance to a weak consolidation trend. Although the process is repetitive, it is currently in a rebound phase within a bearish downtrend, and short-term fluctuations may be more frequent. Directionally, maintain a bearish outlook until the price stabilizes after a pullback, and then look for short-term long opportunities. Therefore, under the current structure, each rebound is an ideal shorting opportunity.

Bitcoin can be shorted in the morning at 103800-104200, targeting around 102000; Ethereum can be shorted at 2530-2560, targeting around 2440.