🚀🚀🚀5.12 Midday Market Analysis!!!
The Bitcoin appears to be closing with a bearish candle on the daily chart, with a need to break the previous high and upper band to recover during the intraday rebound. The 4-hour chart shows high-level fluctuations with the previous candle pushing high and then retreating, forming an upper shadow. Overall, the market continues to maintain a high-level fluctuation, and every time the previous high is broken, it requires caution. A sudden drop for liquidation may arrive at any time, and the short-term strategy remains to continue the rebound with a focus on shorting. The short-term support below is focused on above 101800.
For short-term trading advice at $BTC , short around (106600-105200) and long around 102500.
After Auntie's recent rise broke the previous high, there was a slight drop. For now, use the upper band resistance on the 4-hour chart as a short-term reference. If it breaks through, consider the resistance above around 2700. Technically, regarding Bitcoin, the daily correction has not yet been completed, and the short-term thinking remains unchanged, so be cautious in chasing prices.
For short-term trading advice at $ETH , short around (2735-2605) and long around 2318.
If anyone is confused due to market fluctuations and doesn't know how to deal with being trapped, or feels misled during the trading process, feel free to 🐷✌️ communicate!
