5.21 Morning Thoughts

Since 4 AM, 6 candlesticks have shown long upper and lower shadows, indicating intense long and short competition, with no expected surge after breaking 107000. The daily trading volume has slightly decreased, the MACD shows red bars expanding below the zero line, and the dual line relationship is fluctuating; on the hourly level, there is a MACD divergence, volume contraction, and a KDJ dead cross at high levels, indicating a short-term bearish trend. The current price is oscillating in the range of 104000 - 107290, and the break above lacks follow-up momentum, with the trend resembling that of the US stock market. It is recommended to pay attention to short-term long opportunities after intraday pullbacks, especially during the opening hours of the US stock market, as the overnight market is volatile, and risk management is crucial.

​Bitcoin Trading Strategy: Sell near 107200-108200 on the rebound, target near 105500

​Ethereum Trading Strategy: Sell near 2550-2590 on the rebound, target near 2510