5.13 Wednesday Bitcoin and Ethereum Strategy Analysis

The short position strategy provided yesterday, along with the evening reminder not to expect too much of a one-sided breakout, and to go long instead, all achieved good results.

The current overall situation remains bearish, so why hasn't it dropped despite the negative CPI data? Because recently everyone knows that President Trump’s visit to China will benefit the crypto market, and the market has been digesting this positive news in advance, so market sentiment isn't as pessimistic. Therefore, Brother Feng believes that after the visit to China, the positive effects will be exhausted, and a decline will begin, so everyone should be prepared.

From a technical perspective, the 4-hour chart has formed a clear double-top pattern, and combined with the recent continuous rise, it has entered an oversold zone, making a correction and recovery imminent.

For Bitcoin, consider shorting around 812 and 818, with targets at 795, and if broken, at 788 and 780.
For Ethereum, consider shorting around 2300 and 2320, with targets at 2250, and if broken, at 2220 and 2180.
If the above targets cannot be effectively broken, consider short-term long positions.