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The Asian morning session remains in a narrow range of fluctuations, with prices stopping after falling back to the 80,700 low point last night, and the market once again entering a grinding phase. Ethereum's price movement is synchronized with this; after testing the 2,311 low point this morning, the rebound quickly reversed downward. Overall, it appears that the bullish trend has completed this round of continuous rebound. On the four-hour chart, four consecutive bearish candles are gradually forming a very weak trend, with prices constantly testing support below, and the Bollinger Bands are contracting, indicating that short-term upward momentum has stalled. Therefore, the trading strategy remains to look for shorting on rebounds.
During the midday session, Bitcoin can be shorted at 81,300-81,800, with a target of 80,000 and a continuation if broken to 79,000. Ethereum can be shorted at 2,330-2,350, with a target of 2,290 and if broken, look for 2,250. #Gate广场五月交易分享