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5.11 Nighttime Bitcoin Short-Term Trading Recommendations
From the 15-minute timeframe, after Bitcoin breaks through the short-term rebound small platform, it faces resistance at the high point and pulls back, with the lower trend line already broken. During the rally, trading volume is not significantly released, then it continues to decline, and the bulls are clearly losing momentum. The short-term high points are gradually moving lower, and a downward structure is basically formed.
Lu Cheng recommends shorting directly around 81,000. The first target is below 80,500; after capturing 500 points of profit, you can reduce some positions. The second target is below 80,000.