5.20 Initial Morning Analysis
The major asset is caught in intense long-short battles, with erratic movements in the short term. The technical indicators show signs of divergence following secondary highs, and the daily level maintains a wide range of oscillation patterns, clearly indicating an adjustment cycle.
From the 4-hour level, the major asset's price rises and then falls, rebounding after touching the support of the lower Bollinger band. This movement fully reflects significant divergence between the bulls and bears. At the same time, the MACD indicator's histogram continues to shrink, indicating a rapid decline in bullish momentum;
The KDJ indicator forms a death cross in the overbought zone, releasing a strong retracement signal. In summary, the market faces significant downward pressure in the short term.
Operation Suggestions
Major Asset: Short at 105700-106300, with a target around 104000!
