BTC will return to oscillate within the four-hour channel!

Yesterday, ETH long positions reached the first take profit target of 2640-2710. As mentioned yesterday, I expect it to remain in a range. In the small range of 2740-2470 and the larger range of 2860-2360, it will fluctuate repeatedly;

Currently, the Bitcoin market shows a clear state of divergence between bulls and bears, rather than a one-sided trend. The current long-to-short ratio of 0.46 indicates that the number of people shorting is significantly higher than those going long, reflecting intense competition between both sides. In this case, if the price is to move higher to 130,000 or 150,000, the market needs a bullish washout to reorganize strength before the next round of one-sided rise can commence; in the short term, it is estimated that it will continue to fluctuate within the four-hour channel.

Today, Huang Mao suddenly posted that he suggested imposing a 50% tariff on the EU, causing Bitcoin to dip sharply by 4,000 points. Historically, Bitcoin goes through such washout processes in every bull market, so investors need to remain highly vigilant. Today's trading strategy should be more cautious, reducing trading frequency, and especially being wary of potential waterfall-style washouts.

From the fund perspective: On May 22, the net inflow of the Bitcoin spot ETF was $935 million, and the net inflow of the Ethereum spot ETF was $111 million;

From the news perspective: Yesterday, Trump had a dinner, and today he imposed a 50% tariff on the EU and Canada. This is the top trader's operational method~~~ still paying attention to the April core PCE price index year-on-year and the May consumer confidence index on May 30;

Trading strategy: Short BTC at 109600-109800, with a stop loss at 110300, and targets at 105900 and 104500. Near 104500, I will take a small long position!