Morning Analysis on May 19:

From a technical perspective, although the current price maintains a bullish pattern, the upper medium to long-term moving average system and the Fibonacci resistance zone create a resonant suppression, and the top of the range has not formed a substantial breakthrough. The MACD momentum bars show a top divergence feature, and the volume-price relationship indicates insufficient momentum for a short-term continuation of the rise, making aggressive chasing at this time carry a risk of technical correction.

Observing the daily chart, after a phase of upward movement, the price has entered a high-level horizontal consolidation. Despite a corrective bullish candle appearing after a short-term pullback, the K-line body continues to narrow and has not broken through the previous high resistance. Considering that the price is at a critical juncture between bulls and bears on the monthly chart, it is more prudent to maintain a range-bound mindset until a significant breakthrough bullish candle is confirmed. Position holders should adopt a strategy of reducing positions on highs to control risk.

Trading suggestion: Short near 105500—106000, stop loss at 106500. Target around 103500.

Second contract: Short at 2490-2520, stop loss at 2550. Target around 2380. #BTC #比特币 #ETH #以太 #以太坊ETF的批准预期