Liming Yang 5.23 BTC/ETH Midday 1-Hour K-Line Analysis and Long/Short Strategy

BTC 1-hour timeframe shows a weak bearish structure with a rebound followed by a decline, with the center of gravity continuously moving downward. In the morning, it surged to 77,549 then faced resistance and pulled back, followed by a volume-driven long bearish candle breaking through key support, with the lowest touching 75,189. The short-term downtrend is fierce. The current price is 75,250.1, at a stage low. After the release of bearish momentum, a slight sideways consolidation occurs, but overall it remains suppressed by the previous decline platform. The rebound strength is very weak, and the bearish trend has not yet reversed.

Long position strategy:
Only as a short-term rebound attempt, with strict risk control.
Entry: If the price retraces to the 75,100-75,200 zone and stabilizes, try a small long position.
Stop loss: Exit unconditionally if it falls below 74,950.
Take profit: Target the 76,300-76,500 zone; if broken, look towards around 77,000.

Short position strategy:
Follow the current bearish trend, prioritize shorting on rebound resistance.
Entry: When rebounding to the 76,300-76,500 zone and encountering resistance, build short positions in batches.
Stop loss: Exit unconditionally if it breaks above 77,000.
Take profit: Target the 75,200-75,100 zone; if broken, look towards around 74,950.

ETH 1-hour timeframe is highly correlated with BTC, also showing a weak structure with a rebound followed by a decline, with the center of gravity moving downward. In the morning, it surged to 2,137.41 then faced continuous resistance and declined, with a volume-driven long bearish candle breaking key support, with the lowest touching 2,048.19. The short-term bearish momentum is strong. The current price is 2,058.58, at a stage low. After the decline, it entered a weak sideways phase, with a weak rebound. The overall bearish trend has not yet

Long position strategy:
Only as a short-term rebound attempt, with strict risk control.
Entry: If the price retraces to the 2,045-2,050 zone and stabilizes, try a small long position.
Stop loss: Exit unconditionally if it falls below 2,039.
Take profit: Target the 2,090-2,100 zone; if broken, look towards around 2,120.

Short position strategy:
Follow the current bearish trend, prioritize shorting on rebound resistance.
Entry: When rebounding to the 2,090-2,100 zone and encountering resistance, build short positions in batches.
Stop loss: Exit unconditionally if it breaks above 2,130.
Take profit: Target the 2,050-2,045 zone; if broken, look towards around 2,039.

⚠️ Friendly reminder: The above analysis is based solely on the 1-hour candlestick structure. Market volatility is high. Please set strict stop losses and control position sizes rationally. $BTC