$BTC BTC Intraday Short-term Strategy (5.14)

Good afternoon, everyone. Yesterday's short position on Bitcoin was off by a few points, so we can close it for now. The intraday strategy remains to maintain buying on dips. Avoid shorting Ethereum in the short term; entering short above 2800 is relatively safer. For Bitcoin, it seems that after breaking the ascending channel on the 1-hour chart and pulling back to 10700 without breaking it, there was a rebound that faced resistance around 104900 and retreated. The 4-hour pattern resembles a larger M-top, and the rebound touches the bottom of the channel again, facing resistance. In the long term, if Bitcoin makes a significant pullback and does not break 93, this wave might really reach new highs. We can move the short orders up to the area around 106000-106800. The target is around the entry price for long positions. Long positions can be placed around 101200-101600.