5.11, Monday — Big Boy Ethereum late-day market trend analysis!

People often ask: if there are clearly many bulls, why does it suddenly turn bearish? During the morning, there was a rollercoaster of back-and-forth pulling. Big Boy Ethereum dropped to around 80200, and the strength of the pullback was noticeably not strong. On top of that, too many people are riding the same train—this volume car will eventually collapse. From the four-hour and one-hour perspectives, Big Boy has been in a middle-band ranging/oscillating state. If the U.S. stock market opens in the evening with a low open, it’s very likely to keep getting smashed down. If you can short at high levels, short at high levels. “Heed my one piece of advice—more than ten years of study!”

From the technical structure perspective: on the daily timeframe, a trading channel has formed in a downward-opening state. The middle band is under severe pressure, dropping in a waterfall-like decline. Bearish volume can be effectively arranged in a way that supports the move, and the moving averages show reversal consistency to the downside in their meandering.

From the four-hour technical structure: the price channel continues to show slight downward oscillation. The release of bearish volume is limited and its distribution is constrained. It probes downward in a slow, step-by-step decline, with the moving averages gradually trending lower. On smaller timeframes, it still maintains oscillation downward to build a base and adjust. The ongoing shift and conversion of volume between bulls and bears is driving the continuation of the oscillation sentiment. For the next idea, we can short from high levels only.

Bitcoin trading suggestion: short around 81500, target 80500-79500.

Ethereum trading suggestion: short around 2340, target 2300-2240. If broken, continue to look lower!#Gate广场五月交易分享 #比特币波动 $BTC $ETH