Analyst Liang Qiu: 5.17 Bitcoin/Ethereum Early Morning Market Analysis and Trading Ideas

Since the multiple declines and stabilization of Bitcoin/Ethereum last night, it has been in a fluctuating upward trend. Our continuous layout of two short positions yesterday also saw multiple highs followed by declines to around 2475 and 101300. Following that, today during the day session, we again laid out short positions above 2610 and 104000, which during the afternoon market decline came down to around 103000 and 2557, achieving decent space. In the evening, the overall fluctuation of Bitcoin is quite evident, but the market is about to touch the upper pressure level of 105000. There will be no breakthrough handling before an effective break. Looking at the four-hour and daily charts, the MACD indicator is showing a short-term sell signal, and the market has broken below the short-term EMA during multiple highs and declines, indicating a need for continued adjustment after a further rise. We will continue to pay attention to the pressure at 105000 and 2640 above.

For early morning operations, it is recommended to short Bitcoin near 104500 to 105000, with a target around 102500; for Ethereum, to short near 2600 to 2620, with a target around 2540.

The publication is time-sensitive, with specifics based on real-time data. #美国加密立法