The morning two cakes scored 58 points, often it’s not that the method is wrong, but that you lack the foundation ✓ person

5.20 Morning Thoughts

Observing the four-hour cycle, the price has risen with two consecutive bullish candles, approaching the upper resistance zone of the Bollinger Bands, but encountered significant technical pressure. The bullish momentum shows signs of exhaustion, failing to form effective breakthrough momentum. Switching to the hourly chart, the candlesticks present an alternating pattern of bullish and bearish candles, with both sides repeatedly competing in a narrow range, without forming a clear directional breakout for now. Although the four-hour cycle shows a volatility structure of a long bearish candle followed by a recovering bullish candle, the short-term technical indicators indicate a bearish advantage, maintaining an overall weak trend. Currently, although there is a local rebound, the volume levels are significantly lower than previous fluctuations, and no reversal signals are present in the technical pattern. The operational strategy suggests continuing a bearish outlook, and during the day, one can plan to establish short positions based on the overhead resistance levels.

Operational Suggestions: Short at 106500-107000, stop loss at 107400. Target around 105000. Short at Ethereum 2530-2550, stop loss at 2580. Target around 2450. #区块链 #BTC #比特币 #ETH #以太