5.28 Afternoon Bitcoin Ethereum Market Analysis and Trading Recommendations
The market is always crazier than you think; only by respecting risks can you survive long—contracts are not ATMs, but rather life-and-death games of leverage. Stop-loss is your bulletproof vest; refuse to gamble on holding a position; a 10% loss can still bounce back, but a 100% liquidation means you exit the stage. Emotion is the greatest enemy; FOMO and revenge mentality will destroy your rhythm; only calmness can navigate through volatility. This morning, Bitcoin had a weak rebound, with the price reaching a maximum of around 109200. Our short position set up this morning entered near 109100, followed by a slight decline, with the price dropping to a minimum of around 108300. We closed our short position directly near 108400, and the current price has corrected to around 108700.
From the one-hour chart perspective, the Bollinger Bands indicate that the price is operating in a weak range between the middle and lower bands, with the opening widening, exacerbating the downward risk; the KDJ indicator shows all three lines below the 50 value, with bears dominating, and the J value has not broken 50, making it difficult to signal a reversal; the MACD indicator values are all negative, with the histogram continuously releasing bearish energy below the zero axis. Overall, Bitcoin's one-hour trend is bearish, and there is a high probability of continuing downward in the short term. Investors should be cautious of downside risks.
Bitcoin Strategy: Short near 109000-109500, target 107700
Ethereum Strategy: Short near 2640-2660, target 2580
