Thursday 【May 14】

The price is falling with decreasing volume and choppy fluctuations. Is this really the time to buy the dip? Don’t mistake a period of consolidation for a bottom!

Trading volume expands during the decline and shrinks during the rebound. The market has entered a low-volume consolidation phase. There is no clear active buy order during the session, which suggests there is not much willingness to chase higher. Both bulls and bears are generally keeping an eye on things. This is a phase of consolidation after a drop, not a signal of a trend-based bottom.

Ziqing suggests: the current approach should mainly be to short on rallies, with buying on dips as a secondary supplement.

$BTC For Bitcoin: there is a need for a short-term rebound, but the overhead pressure is quite heavy. It is expected to oscillate and recover in the 79,500-80,500 range. If it breaks below the 79,000 integer level again, it may continue probing lower. Overhead resistance to watch: 80,400.

Short position strategy:
If it rebounds to 80,000-80,400 and meets resistance, you can short in batches. Targets: 79,000-78,700. Stop loss: above 80,800.
If it breaks below 78,700 and volume increases, then target lower at 77,800-77,500. Stop loss: above 79,200.

$ETH For Ethereum: the decline is accompanied by increased volume, while rebounds come with shrinking volume. Buy-side follow-through is weak, and the sustainability of rebounds is questionable. In the short term, prioritize the idea of shorting on rallies, and watch the overhead resistance at 2,290.

Short position strategy:
If it rebounds to 2,275-2,290 and hits resistance, consider shorting in batches. Targets: 2,240-2,230. Stop loss: 2,305.
If it breaks below 2,320 and volume increases, target 2,200-2,180. Stop loss: 2,255.

⚠️ Warm reminder:
“More observation, less action; try trades with low position size.” The specific market entry levels are subject to Ziqing’s real-time live trading updates. Ethereum ‌ ‌