5.16 Friday Morning Thought Analysis

Last night's trend had a deep V reversal, and several attempts to test the support below were still very strong, with spikes not breaking the support, and it never managed to break below the 101,000 point line.

However, yesterday's rebound only reached around the 104,000 point line and could not go higher. Speaking of this, I believe everyone knows where the current range is now?

Currently, with this oscillation range not being effectively broken, a strategy of shorting high and buying low can be adopted.

However, if it breaks downward, the retracement space below will become very large, so for long positions, be sure to set a stop loss, and for short positions, as long as the entry point isn't particularly poor, it can basically make money to some extent.

Looking at the current trend, points, and oscillation trend, it is still mainly focused on shorting high.

Morning Operation Suggestion

Short between 103800 and 104300, targeting 101500. If it doesn't break, reverse to go long; if it breaks, continue to look downward. $BTC $ETH $XRP #币安Alpha上新 #CPI数据来袭 #策略交易 #ETH突破2500 #贸易战缓和