5.13, Wednesday, PancakeSwap Ethereum Evening Analysis!

From the one-hour technical structure chart, the price channel is oscillating downward and breaking below, with the lower channel showing signs of opening up. However, due to slow momentum, the pullback is also accompanied by correction. The frequent shift between bullish and bearish volume indicates a clear downward oscillation pattern. For the short-term strategy, we remain cautious and consider shorting on rebounds.
From the four-hour technical structure chart, the overall trend is still a downward oscillation, with a wave of stepwise decline recently formed. It has already dropped from the midline directly to the lower band. Currently, no signs of a bottoming pattern are visible. Although it has encountered support, in this slow decline, if support does not lead to a quick rebound, it indicates that this support level is not very strong. Therefore, the strategy remains to short on rebounds.
Bitcoin personal trading suggestion: Short around 80,500, targeting 79,300-78,300. Continue downward if broken!
Ethereum personal trading suggestion: Short around 2,390, targeting 2,250-2,220.