5.14 Morning Bitcoin Ethereum Market Analysis!
Waking up to find the price of Bitcoin directly stabilizing around 104,000 feels really bad, it hasn't come down at all. Even more surreal is that Ethereum has actually surged above the 2,700 point line. This rebound is quite intense.
Last night, Bitcoin reached a high of around 105,000 but couldn't push above 105,000. To be honest, Ethereum is really strong. From the 1-hour candlestick chart, Bitcoin has already started to pull back, moving from the upper Bollinger Band to near the middle band, and there is a trend of breaking downwards. Overall, the trend has also begun to pull back, and the trading strategy for Bitcoin should still focus on short positions.
However, the decline is currently quite slow, and the rebound is quick. For short positions, you can basically exit with a few hundred points now, and it's important to pay attention to take profits. Take profits when you reach the target level.
