Analyst Liang Qiu: 5.22 Bitcoin/Ethereum High-Position Consolidation, Focus on Evening Pullback

In recent days, the overall volatility of Bitcoin/Ethereum has significantly increased, with a clear bullish trend. However, each round of upward movement has been accompanied by pullbacks and consolidation, making it crucial to manage trend segments effectively. In our operations over the past few days, we have also captured good opportunities, with the early session once again positioning for a short after a high pullback, where Bitcoin and Ethereum reached a low of 110200 and around 2600 respectively, and then surged to 111500 and 2690. There may still be room for further gains. However, given the significant short-term rise, caution is advised as bulls may take profits. Bitcoin surged to around 111800 in the early session, after which there was a clear phase of horizontal consolidation to digest positions. Last night, it started rising from around 108000 to 109000, and the market may retest the lower support levels. If the support holds, the market will continue to rise and break through.

For evening operations, it is recommended to short Bitcoin at 111500 to 112000, targeting around 109000; for Ethereum, short at 2650 to 2670, targeting around 2580.

The post is time-sensitive, please refer to real-time data. #比特币突破11万美元