$101,500 support level reclaimed three times, BTC shows strong performance!
In the current scenario, the battle between bulls and bears is intense, requiring precise timing for shorting at the top and going long at the bottom, while the risk of operations in the middle range is relatively high. BTC shows a triangular consolidation pattern on a smaller timeframe, and a direct decline on the four-hour cycle is quite challenging, so a strategy of selling high and buying low is recommended in the short term.
Considering that FTX will launch the second round of bankruptcy distribution on May 30, it is inclined to believe that the market may first fake a breakout upward before falling back — it requires first creating a higher high to form a second bearish divergence signal on the four-hour level.
Specific operational suggestions:
Long position: ambush range $101,800-$100,000;
Short position: ambush range $105,000-$106,000.
