5.24 Midnight Analysis:
Yesterday, Bitcoin hit a new high again, fluctuating during the day. In the evening, Trump imposed a direct 50% tariff on the EU, causing the US stock market to open lower and Bitcoin plummeted to around 107200.
The four-hour MACD is in negative territory with a dead cross between the fast and slow lines, indicating that short-term bears have the upper hand, so be cautious about chasing longs.
Trading suggestion: Short near 109500-110000, with a target of 108000-106000.
