May 17th Market Analysis Strategy

Looking back at the early morning, Bitcoin reached a peak of 104,519 before starting a pullback, with a low of 103,411.

Currently, the pullback is around 103,600. Similarly, Ethereum reached a peak of 2,594 before starting a pullback, with a current low of 2,529. It is currently recovering, around 2,550. In the evening, the strategy of high shorts and low buys will be implemented, with a focus on Bitcoin, which initially opened long and then reversed to short, capturing over 1,800 in space.

From the current market perspective, the four-hour level price is in a high-level oscillation with a shrinking MACD momentum bar, and the RSI (60) is neutral to strong. If the pullback does not break 103,400, the bullish trend remains dominant.

Currently, pay attention to the short-term

Breakthrough direction in the 103,400-104,500 range. If it stabilizes above 104,500, further upward space is expected.

Saturday morning suggestion:

Bitcoin: Long around 103,000, with a target near 104,500.

Ethereum: Long around 2,500, with a target near 2,600. #比特币