May 20 Morning Market Analysis

The midnight Bitcoin market is experiencing intense tug-of-war within the wide range of 104500 to 105700. Ethereum is maintaining fluctuations within the narrow price range of 2470-2540, forming a solid box shape!

From a technical perspective, adjustment signals are significant. The MACD momentum bars continue to narrow, the red bars are shrinking, bullish strength is diminishing, and upward momentum is weak; the KDJ has formed a death cross in the overbought zone, market sentiment is cooling, and the demand for price correction is highlighted. The intraday strategy is to short high and long low, primarily focusing on shorts in the morning!

Personal Trading Suggestions:

Bitcoin: Short at 106300-106800, target around 103500!

Ethereum: Short at 2570-2600, target around 2400! #币圈