Looking back at the early morning, Bitcoin plummeted from the high point of 104319 to 102536, followed by a weak rebound to 103500, forming a consolidation center, and after rebounding from the low point of 2545 to 2616, it tested the bottom again.
From the current market perspective, the four-hour level has continuously formed long lower shadow lines but has failed to break through the mid-track resistance, indicating that the bears still control the rhythm. The KDJ has diverged into the oversold zone with a death cross, and the MACD green momentum bars continue to expand, suggesting that the bearish trend may continue. At the hourly level, the tug-of-war between bulls and bears has formed a "death rectangle," and the MACD shows signs of a bottom divergence. If the price quickly recovers after breaking below 102500, it may trigger an oversold rebound. In the morning, Qianyu suggested continuing the strategy of selling high and buying low, avoiding blind chasing of prices before a breakthrough.
Thursday morning suggestion: Short Bitcoin near 104300, targeting around 102500. Short Ether near 2650, focusing on 2550.
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5.15 Thursday morning Bitcoin Ether latest market analysis and trading suggestions:
Looking back at the early morning, Bitcoin plummeted from the high point of 104319 to 102536, followed by a weak rebound to 103500, forming a consolidation center, and after rebounding from the low point of 2545 to 2616, it tested the bottom again.
From the current market perspective, the four-hour level has continuously formed long lower shadow lines but has failed to break through the mid-track resistance, indicating that the bears still control the rhythm. The KDJ has diverged into the oversold zone with a death cross, and the MACD green momentum bars continue to expand, suggesting that the bearish trend may continue. At the hourly level, the tug-of-war between bulls and bears has formed a "death rectangle," and the MACD shows signs of a bottom divergence. If the price quickly recovers after breaking below 102500, it may trigger an oversold rebound. In the morning, Qianyu suggested continuing the strategy of selling high and buying low, avoiding blind chasing of prices before a breakthrough.
Thursday morning suggestion:
Short Bitcoin near 104300, targeting around 102500. Short Ether near 2650, focusing on 2550.
#BTC