Evening Thoughts on May 16
Currently, the price of the coin is hovering around 103700, making it difficult to decide whether to go up or down. From the overall trend, it can be seen that there is still a significant tendency for a pullback in the evening. Additionally, the K-line trend shows that the current high point for Bitcoin is around 104400, and the low point is around 101360. Therefore, it is relatively clear. Currently, the position is relatively high, so if Bitcoin breaks through to around 104400, a short position can be taken directly.
Operation Suggestions
Short Bitcoin at 103800 to 104500, targeting 102500
Short Ether at 2625 to 2650, targeting 2550