Evening Thoughts on May 21

The midline of the Bollinger Bands at the four-hour level continues to rise, maintaining a bullish pattern in the medium term. The price has retraced to the midline without a significant break, and the short-term adjustment can be viewed as a technical correction. After a double bearish retreat, a long lower shadow was formed, indicating strong support in the area, while the bearish volume shows signs of exhaustion. This pattern often corresponds to a classic "bear trap" structure, so caution is advised for a trend-repair rebound. Currently, the technical structure of Bitcoin/Ethereum is in a bullish framework with fluctuations, and the operating suggestion is to maintain a low long strategy while using the rebound resistance level for high short hedging risks.

Operating Suggestions

Bitcoin around 105500, watch for 107500

Ethereum around 2500, watch for 2600