May 17th Bitcoin Trading Strategy: Aggressive traders enter short on the rebound at 103600-104000, conservative traders enter at 104500-104800, with a stop loss at 105300. The target is around 102500-102000-101500, if broken look for 101000-100700. Continue holding if it breaks further based on the situation!
May 17th Ethereum Trading Strategy: Aggressive traders enter short on the rebound at 2560-2600, conservative traders enter at 2630-2650, with a stop loss near 2680. The target is around 2500-2475-2450, if broken look for 2420-2400. Continue holding if it breaks further based on the situation!
Long Position Strategy: Enter long on Bitcoin's pullback at 100000-100500, with a stop loss near 99300. The target is around 101000-101500-102000-102500, if broken look for 103000-103500;
For Ethereum, reference entering long at 2380-2405, with a stop loss near 2350. The target is around 2430-2450-2480, if broken look for 2500-2530!
Recently, continuous short positions have yielded good results, with the overall trend leaning towards bearish. The rise in US stocks is also slowing down, so the strategy remains to maintain high positions and look for short opportunities!