Funds are slowly fleeing, short positions can be collected, and the rebound continues to short on the weekend! 5.17 Bitcoin Auntie's Thought Analysis

This week, continuous short positions can yield considerable profits. Yesterday, the strategy for ambushing short positions perfectly matched the market trend, with Ethereum achieving over a hundred points, and Bitcoin easily gaining over a thousand points!

Funds in the spot ETF market are starting to flee. Fidelity reduced its holdings by approximately 12,500 Ethereum, while BlackRock only bought 3,330. Given that there isn't much strong support at the moment, most investors are maintaining a wait-and-see attitude. Although there aren't large buy-ins, signs of selling are also not obvious.

From a technical perspective, the daily line has closed with another bearish candle, with frequent transitions between bullish and bearish, and this morning saw the emergence of a long upper shadow bearish candle. The market still maintains a high-level consolidation trend, with the Bollinger Bands showing no significant changes. However, both KDJ and MACD have formed a death cross, and trading volume continues to shrink, maintaining a bearish outlook on the daily line! Therefore, for intra-day operations, Conan suggests primarily maintaining a high-level short strategy! Pay attention to resistance levels at 104500, 105000, 105500, and 106000, and support levels at 102500, 100700, 100000, 99000, and 97500.

5.17 Bitcoin Trading Strategy: Aggressive traders enter short positions on rebounds at 103600-104000, while cautious traders enter at 104500-104800, with a stop loss at 105300, targeting around 102500-102000-101500, and if broken, look for 101000-100700.

5.17 Ethereum Trading Strategy: Aggressive traders enter short positions on rebounds at 2560-2600, while cautious traders enter at 2630-2650, with a stop loss around 2680, targeting around 2500-2475-2450, and if broken, look for 2420-2400 and hold based on the situation!

Long Position Strategy: For Bitcoin, enter long positions on pullbacks at 100000-100500, with a stop loss around 99300, targeting around 101000-101500-102000-102500, and if broken, look for 103000-103500; for Ethereum, consider entering long positions at 2380-2405, with a stop loss around 2350, targeting around 2430-2450-2480, and if broken, look for 2500-2530!

Recently, continuous short positions have yielded good results, with the overall trend leaning towards bearish. The rise in the US stock market is also slowing down, so it is advisable to continue maintaining a high-level ambush short strategy! $BTC #币安AlphaSUI生态交易竞赛