Recently, Yanling hasn't been studying the so-called news much, because I care about the US dollar. I've mentioned before that we first need to see the dollar fall below 100, which aligns with the logic of interest rate cuts. However, you can't directly determine how the cryptocurrency market will react when the dollar first declines—will it drop alongside it? Or will it rise in opposition? No one can be certain. Clearly, in this wave, the answer is rising in opposition. If the dollar can fall, it indicates that this expectation is fermenting. Recently, there have been many speeches from Federal Reserve officials, which will only trigger the growth of this sentiment. What we need to do is to grasp as much space as possible when this adjustment comes.

From a technical perspective, recent candlestick patterns show that cryptocurrency prices are fluctuating at high levels, temporarily forming a small consolidation range. Recently, there have been some long upper and lower shadows, indicating that there is certain selling pressure and buying strength in the market. The 4-hour chart also shows that Bitcoin is in a high-level consolidation phase, potentially forming ascending triangles, rectangular consolidations, or high-level flags. These patterns usually suggest that the market is accumulating momentum and preparing for subsequent breakthroughs. The current MACD indicator is in the negative zone but shows signs of gradual convergence, indicating that a rebound or trend reversal may occur in the short term. The RSI value is close to 60, not entering the overbought zone, showing that the market still has room for upward movement, but we need to be cautious of the risk of pullbacks. The EMA7 has broken through EMA30 and EMA120, indicating that the short-term trend is leaning towards bullish, but we need to pay attention to whether it can maintain this position consistently. In terms of operation, Yanling's approach remains unchanged, with the main trend being bullish. Any pullback is an opportunity to go long, and shorts should only be taken at high-pressure levels.

Zhou Yanling's 5.23 Bitcoin trading strategy:

1. Short from 112000-111300, stop loss above 113000, target 110700-110000, continue to look for a decline towards 109100.

2. Long from 109000-110000, stop loss below 108000, target 111300-111800, continue to look for an upward movement towards 112800-113500.

Zhou Yanling's 5.23 Ethereum trading strategy:

1. Long from 2590-2630, stop loss below 2540, target around 2740, continue to look for an upward movement towards 2800-2850.

2. Short from 2850-2810, stop loss above 2900, target 2700-2650.