Thursday, May 22nd, forced liquidation, do not chase after breaking new highs

Waking up again to witness history, Bitcoin has once again set a new historical high. After extreme fluctuations in the early morning, it touched 110,000 before pulling back to 106,000, and directly broke the historical high to reach 110,700 in the morning. The market is too exaggerated, and the actions of the market manipulators are quite unsightly. The rhythm of back-and-forth liquidation between long and short positions. Recently, bearish views have unfortunately been swept away. Eternal writing? Impossible. Currently, after breaking the high, there is pressure and a pullback. In the short term, if it cannot stabilize above 110,000, continue to be bearish and do not chase after highs.

On Thursday morning, it is recommended to short Bitcoin at 110,500-110,800, with a target of focusing on the 108,000-106,000 range.

On Thursday morning, it is recommended to short Ethereum at 2,570-2,590, with a target of focusing on the 2,450-2,300 range.