5.19 Afternoon Market Analysis Strategy:

Bitcoin experienced a sharp rise in the morning before starting a one-sided decline, with a single wave drop of 5,100 points, confirming the bearish strategy from the morning. The technical aspect presents three key signals.

On the daily chart, it clearly broke below the lower Bollinger Band, confirming the continuation of the downtrend. Although the 4-hour chart shows a doji pattern indicating a potential short-term rebound/consolidation demand, it is still operating within a downward channel. The MACD indicator shows the initial formation of a golden cross with three lines converging, indicating a short-term reduction in bearish momentum, but it is important to note that it is still in the weak zone below the zero axis. Pay close attention to the support breaking situation at the lower boundary on the 4-hour level. In the afternoon, we mainly focus on low long positions.

Trading Suggestions:

Bitcoin: Buy around 102,500, target near 104,000.

Ethereum: Buy around 2,350, target near 2,450.