May 20 Wednesday Afternoon Market Analysis


The short-term market trend, as we anticipated, has once again entered a consolidation phase, oscillating within the 77,500-76,000 range, without forming a clear continuation either upward or downward.
We have short-term positions on both sides within this range; different trading strategies apply to trending versus ranging markets.
It's not that the market lacks volatility, but rather that misjudging entry points in such conditions can lead to holding positions for too long.
In a ranging market, there's no need to overly chase space; simply avoid greed and focus on appropriate entry and exit points.
Recently, sharp declines are often accompanied by technical rebounds, so blindly chasing short positions is not recommended.
On the four-hour chart, the market is forming a bottom at low levels and mainly repairing rebounds, making new lows unlikely overall.
The downside space for bears is limited, and this correction can be seen as a new bottom-building phase.
Ranging is natural, and short-term oscillations are likely to continue, at least during the daytime trading session.
To go long in this environment, wait for a pullback to enter, and seize the best entry opportunity.

BTC Trading Suggestions:
Go long around 76,000, add positions near 75,300, take profit at 76,500-77,300, stop loss at 74,800

ETH Trading Suggestions:
Go long around 2,100, add positions near 2,050, take profit at 2,130-2,160, stop loss at 2,000

For phased entries, light positions can be taken without stop loss; for medium to long-term, set stop loss below 1,900.
High-level profit-taking can attempt short positions; no need for a specific pattern—profit is available at any time.
BTC1.17%
ETH1.25%
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