May 18 Afternoon Thoughts

The 4-hour chart of Bitcoin is currently under pressure at the 106,000 level. Combined with the daily moving average indicators, there is a need for correction. In the short term, it may need to pull back locally, with the 105,000 level serving as a consolidation defense point above. In the short term, there is an attempt to short and look for a pullback. Below, pay attention to the support of the rising trend line near the 100,000 level, and see if it stabilizes or breaks down as it approaches support. Currently, the short-term is in a pullback or consolidation correction phase. Short-term operations should combine hourly chart patterns to define the range of highs and lows.

Trading Suggestions

Buy Bitcoin near 103,500, looking towards 105,000

Buy Ethereum near 2,480, looking towards 2,540