5.17 Morning Bitcoin Strategy Analysis

Bitcoin (Big Pie) experienced a rebound at midnight, quickly retracting after reaching a high of 104524, currently showing a fluctuating consolidation around 103365. Based on the technical and market performance, the operation suggestion for the day is to focus on short strategies.

From the 4-hour candlestick chart, the market shows a double bottom structure, indicating a relatively solid bottom support signal. However, recent rebound highs have shown a downward trend, suggesting that selling pressure from above is gradually increasing. Meanwhile, the Bollinger Bands indicator continues to run horizontally, reflecting that the market direction remains unclear in the short term.

The operation suggestion is still to sell on the rebound:

Bitcoin: Short in the range of 104000 - 104500, target at 102000

Ethereum: Short in the range of 2540-2570, target at 2450

The cryptocurrency market is highly volatile, and investment risk is relatively high. The above strategies are for reference only and do not constitute actual investment advice. Please make careful decisions based on your own risk tolerance and manage your positions reasonably.

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