5.20 Tuesday Morning Bitcoin and Ethereum Trading Strategy

Affected by the low opening and high recovery of the US stock market, Bitcoin slowly rose and stabilized above 10500, then fluctuated at a high of 10580. Short-term bulls are weak, with significant resistance above, favoring short positions. The 4-hour chart shows that after the price rebound, a doji was formed, indicating resistance to bullish movement, with the Bollinger Bands contracting and a weak oscillating trend.

Trading Suggestions:

Short Bitcoin at 106780 - 107080, targeting 105680 - 105780

Short Ethereum at 2545 - 2560, targeting 2500 - 2515