5.13 Morning Market Dynamics: Bitcoin Faces Short-Term Pressure, Shorting at Highs is Timely!
Yesterday, Bitcoin's volatility significantly narrowed, maintaining a tight range within the 1500-point interval, with both bulls and bears caught in a brief stalemate. Analyzing from the daily level, the price has been consolidating at high levels, with key resistance levels remaining unbroken for a long time, and signs of stagnation becoming increasingly apparent, indicating that the upward momentum is showing signs of fatigue. Currently, the market lacks upward momentum, and the risk of a high-level pullback is intensifying. It is recommended to seize the opportunity to short at highs and capture the benefits of downward movement in the range!
Operational Strategy:
✅ Bitcoin: Layout short positions in the 103500-103300 range, targeting a drop to 102000-102500
✅ Ethereum: Decisively short in the 2610-2600 range, targeting 2560-2540
The market changes rapidly; it is advised to set strict stop-losses, control position risks, and seize segment profits!