5.19 Monday Morning Strategy
From the current trend, it appears to be a big V reversal. From a technical perspective, it is not advisable to chase at such high levels!!!
From the daily chart, after a continuous upward trend, the movement has turned into high-level consolidation. Despite the bearish candlestick being followed by a bullish rebound, the box consolidation structure remains solid. Given that we are currently near a key resistance level in a larger cycle and have not yet achieved an effective breakout, it is not advisable to blindly chase; patience is required to wait for a clear breakout signal. For the day, maintaining a high-level strategy is sufficient.
Personal suggestion, for reference only.
Bitcoin 106300-107100 range, target 102800
Ethereum 2500-2520 range, target 2380
