May 23 Evening Market Analysis
Discussing the current situation
BTC and ETH show signs of breaking down simultaneously in the four-hour cycle, indicating a trend reversal to bearish in this period. The thoughts are as follows:
1: Will look for opportunities to set up short positions, pay attention to Q information.
2: The decline will not be too drastic in one go; the probability of BTC breaking below 104000 on the daily chart is low.
3: If 111959 is the peak of this rebound, then the extreme value for the pullback of Bitcoin should be around 100500.
4: In this adjustment, being short is temporary; more important than being short is the upcoming long positions and accumulation of value coins.
