5.17 Ruo Xi Morning Market Analysis

First, I wish everyone a happy weekend!

The big coin surged to 1045 last night before retreating, currently fluctuating around 1035.

In the 4-hour chart analysis, the market is forming a double bottom structure, reflecting strong bottom support signals. However, the recent rebound peak has initially shown a downward trend, indicating that selling pressure is gradually increasing above. Meanwhile, the Bollinger Bands indicator continues to show a sideways movement, indicating that the market lacks clear directional guidance in the short term. It is recommended to focus on high shorts and low longs during the day.

Big coin near 103000-102500, target at 104500-105000

Ethereum near 2530-2500, target at around 2650

Personal suggestion, for reference only $BTC