5.16 Morning Thoughts
From the analysis of the four-hour cycle trend, the current market presents a typical range consolidation pattern. Recently, the bullish strength has continued to weaken, with multiple attempts to break through key resistance levels ending in failure, fully validating the strong resistance effect of the upper range. Overall, the intraday trading strategy can continue to focus on high short positions.
Bitcoin trading strategy: Short on rebounds around 104000-104800, targeting 101500
Ethereum trading strategy: Short on rebounds around 2590-2620, targeting near 2500
From the analysis of the four-hour cycle trend, the current market presents a typical range consolidation pattern. Recently, the bullish strength has continued to weaken, with multiple attempts to break through key resistance levels ending in failure, fully validating the strong resistance effect of the upper range. Overall, the intraday trading strategy can continue to focus on high short positions.
Bitcoin trading strategy: Short on rebounds around 104000-104800, targeting 101500
Ethereum trading strategy: Short on rebounds around 2590-2620, targeting near 2500
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BTC
103,982.7
+0.58%
ETH
2,575.27
+0.41%