5.21 Initial Analysis of Thoughts in Ze
U.S. stocks and Bitcoin rebounded simultaneously, but resistance near the highs is intensifying, so beware of false breakouts to lure in buyers at midnight;
From the 4-hour level, Bitcoin's price first rose and then fell, rebounding after reaching the lower Bollinger Band support, which fully reflects the significant divergence between bulls and bears. Meanwhile, the MACD histogram continues to shrink, indicating that bullish momentum is accelerating its decline;
The KDJ indicator formed a death cross in the overbought area, releasing a strong correction signal. In summary, the market faces significant downward pressure in the short term.
Operational Suggestions
Bitcoin: Short at 106000-106700, target around 104000-105000!
