Evening of 5/24: Analysis and Trading Suggestions for BTC and ETH Fluctuating Market

On Saturday, BTC rebounded slightly after dipping to a low of 106721, and stagnated after reaching a high of 108520 around noon; ETH's trend was synchronized, rebounding after dipping to a low of 2503 in the morning, reaching a maximum of 2563 by noon, overall showing a range-bound fluctuation.

In the morning, Li Lei's bearish outlook was accurate, and the short position near 108500 for Bitcoin successfully took profit around 107500. Currently, the four-hour chart indicates that, despite a rebound after the decline, the bulls are struggling to change the bearish trend; this rebound may be a buildup for a second drop; on the one-hour chart, after five consecutive bullish candles, it is under pressure at the middle line of the Bollinger Bands, with insufficient rebound momentum, making a high test and pullback likely.

Trading Suggestions: Bitcoin: Short near 109000 - 109500, target 107000 - 106500

Ethereum: Short near 2620 - 2580, target looking towards 2500 - 2530. #美国加征关税 #加密市场回调 #比特币突破11万美元 #BTC #ETH