Last night's pullback was just a retracement adjustment posture; it is still too early to talk about a trend reversal. Moreover, this pullback was only about 5000 points. In this situation, what needs to be determined now is the formation. Currently, the coin price has broken through the bottom triangular consolidation structure and has derived a continuation of the upward trend after breaking the high level of 111900. However, it is not an independent surge but rather a repeated fluctuation, consisting of two segments that share similar angles, attributes, and amplitudes. Therefore, you can understand why 110000 can be seen as a key watershed for the reversal price, right? This wave has already retraced the extended rise and has not encountered any obstacles in its linear descent. So what we need to do next is to wait patiently for the right opportunity to prepare for a low-entry long position.

　　From a technical perspective, the Bitcoin price is currently slightly below the 50-period Simple Moving Average (SMA 50) on the 4-hour chart, which is a short-term bearish signal. It is also below the 200-period Simple Moving Average (SMA 200), indicating that the market is in a bearish state in the short term with the possibility of further retracement. The RSI on the 4-hour chart is currently around 55.12, in a neutral zone, indicating that the market is neither overbought nor oversold. The RSI has not entered the overbought zone (>70), so there are no clear top signals in the short term. If the RSI falls below 60 and a reversal signal appears, it would indicate the formation of a short-term bottom, at which point suitable low-position long opportunities can be sought. The hourly MACD is in the negative zone, and the fast and slow lines are gradually approaching the zero axis, showing that selling pressure is weakening, and a rebound may occur in the short term. The coin price is currently above EMA7 but below EMA30 and EMA120, indicating that the overall trend remains strong in the future.

　　Zhou Yanling's 5.24 Bitcoin trading strategy:

　　1. Long at 107800-108600, stop loss below 106800, target 110000-111000

　　2. Short at 111400-110600, stop loss above 112400, target 109500-108700

　　Zhou Yanling's 5.24 Ethereum trading strategy:

　　1. Long at 2470-2510, stop loss below 2430, target 2570-2615-2650

　　2. Short at 2650-2600, stop loss above 2700, target 2540-2500

　　[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays; the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]

　　This article is exclusively shared by senior analyst Zhou Yanling.