Evening Thoughts on 5.7:
Bitcoin's daily chart shows a rise followed by a pullback, with a sharp increase in the morning touching the resistance at 97700, and then a correction of over a thousand points, presenting a pattern of 'quick rise and slow adjustment' with wide fluctuations. The volatility is significant, requiring both bulls and bears to respond flexibly. The 4-hour chart indicates that after a consecutive rise to 97800, it faced resistance and pulled back due to the first touch of the resistance zone coinciding with previous high resistance, making the pullback normal in a bullish trend. The current price is oscillating at a high level, and in the short term, it may oscillate around 97000. The moving average indicators still show upward momentum, making it difficult to directly see a peak. Tonight's operation will first look at range oscillation, waiting for a rebound to confirm the high point before entering short positions, with targets set to gradually look down at 96000 and yesterday's low point, while maintaining a strict defense at the 98000 level. The key to ultra-short-term bull-bear battles lies in precise positioning.
Operation Suggestions:
Bitcoin 97100-97600 range, looking at 95500
Ethereum 1840-1860 range, looking at 1790
Bitcoin's daily chart shows a rise followed by a pullback, with a sharp increase in the morning touching the resistance at 97700, and then a correction of over a thousand points, presenting a pattern of 'quick rise and slow adjustment' with wide fluctuations. The volatility is significant, requiring both bulls and bears to respond flexibly. The 4-hour chart indicates that after a consecutive rise to 97800, it faced resistance and pulled back due to the first touch of the resistance zone coinciding with previous high resistance, making the pullback normal in a bullish trend. The current price is oscillating at a high level, and in the short term, it may oscillate around 97000. The moving average indicators still show upward momentum, making it difficult to directly see a peak. Tonight's operation will first look at range oscillation, waiting for a rebound to confirm the high point before entering short positions, with targets set to gradually look down at 96000 and yesterday's low point, while maintaining a strict defense at the 98000 level. The key to ultra-short-term bull-bear battles lies in precise positioning.
Operation Suggestions:
Bitcoin 97100-97600 range, looking at 95500
Ethereum 1840-1860 range, looking at 1790
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