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5.13 Midday Market Brief: Bitcoin and Ethereum, a rebound is a shorting opportunity!
Wednesday midday, the downward signal is now clear! The 1-hour chart shows the price breaking below the consolidation channel, opening up downside space. Although there is a slight recovery, the oscillating downward trend is locked in. Do not chase shorts in the short term; wait for a rebound to enter. The 4-hour chart shows a stepped decline forming, with the price dropping straight from the midline to the lower band. Support levels show no rebound strength, and the bulls are weakening.
Midday reference:
Short around 81,500 for Bitcoin, target 80,500-80,000, continue if broken;
Short around 2,310 for Ethereum, target 2,260-2,220. The crypto market is highly volatile, be sure to set stop-losses and control position size.