【Weekly Trading Summary】Sunday's Hard Pull to Prevent Selling! 5.18 Bitcoin Aunt's Evening Thoughts

Tonight, the price of the coin has risen unusually. Bitcoin has currently broken the 105,500 mark and is testing previous highs, while Ethereum is only testing the 2,600 mark. Ethereum is completely driven by Bitcoin! This week, continuous short selling at high positions has yielded good results, except for today's loss from shorting based on yesterday's point. The short selling points this week have been quite accurate, and I believe friends who followed the short selling this week have reaped good rewards!

This month, the cash ETF market has seen significant capital inflow. The US cash ETF has bought 26,700 Bitcoins in May, while Ethereum only saw an inflow of 41.8 million USD this week. Although there is inflow, it is really too little compared to Bitcoin. Although Ethereum has rebounded strongly this month, it is because Bitcoin has risen too much. Ethereum's rise is driven by too many chips added in contract positions. Currently, only an increase in positions is favorable, but there are no actual positive news. Everyone should be cautious about chasing highs!

From a technical perspective, the daily chart has once again closed in the red this morning. Bitcoin has consolidated above 100,000 for the tenth day. Although trading volume has decreased, the coin price remains high. Just now, when checking the market trends, many people are bullish, which requires caution. When everyone is bullish, it may attract a joint bullish force to enter the market, so Conan is more optimistic about the bears! For midnight operations, Conan suggests maintaining a primary short selling strategy at high positions! Key resistance levels to pay attention to are 106,000, 107,200, 108,000, and 110,000, while support levels to watch are 103,600, 103,000, 102,500, 100,700, 100,000, 99,000, and 97,500.

5.18 Bitcoin midnight operation strategy: Aggressive players enter short at the current price of 105,400-105,800; conservative players enter at 106,500-107,000, with a stop loss at around 107,500. The target is to look at around 104,000-103,600-103,000-102,500. If it breaks, look at around 101,000-100,700. Continue to hold if it breaks and watch the situation!

5.18 Ethereum midnight operation strategy: Aggressive players enter short at the current price of 2,570-2,600; conservative players enter at 2,630-2,670, with a stop loss near 2,730. The target is to look at around 2,500-2,475-2,450. If it breaks, look at around 2,420-2,400. Continue to hold if it breaks and watch the situation!

Long position strategy: Enter long when Bitcoin pulls back to 100,000-100,500, with a stop loss around 99,300. The target is to look at around 101,000-101,500-102,000-102,500. If it breaks, look at around 103,000-103,500;

For Ethereum, reference 2,380-2,410 to enter long, with a stop loss around 2,350. The target is to look at around 2,430-2,450-2,480. If it breaks, look at around 2,500-2,530!