Yesterday morning, Bitcoin did not move out of volatility, but unexpectedly, in the morning, Bitcoin suddenly experienced an explosion. The resistance from yesterday was instantly broken by the bulls' counterattack this morning. Bitcoin reached a high of 97700 before facing selling pressure and falling back. After timely stop loss on the short position we set up in the early hours yesterday, we successfully turned around to go long, recovering all the losses. Currently, looking at the market, the bulls' momentum is weakening. The 4-hour chart shows a pin bar pattern pointing upwards, and there is significant pressure at the 98000 level. Previously, during the May Day holiday, the bulls also exhibited a similar trend. In the afternoon operations, we can focus on short positions, observing the market's retracement.
Bitcoin can be shorted at 97000-97500, aiming for around 95000, and Ethereum can be shorted at 1830-1860, aiming for around 1760. #BTC $BTC