Li Mingyang 5.23 Evening BTC/ETH 1-Hour K-Line Analysis and Long/Short Strategy

BTC 1-hour timeframe shows a weak bearish structure with a pattern of sharp rises followed by declines, with the center of gravity continuously moving downward. In the morning, it surged to 77,259 before facing resistance and falling back. Subsequently, a volume-driven long bearish candle broke below key support, with the lowest touching 74,226.6, indicating a fierce short-term downtrend. The current price is 75,154.0, at a stage low. After the bearish momentum was largely released, a slight sideways consolidation appeared, but overall it remains constrained 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 stabilize within the 74,800-75,000 zone (no longer making new lows), can try a small long position.
Stop loss: Unconditionally exit if it falls below 74,200.
Take profit: Target the 75,700-76,600 range; if broken, look towards around 77,200.

Short position strategy:
Follow the current bearish trend, prioritize shorting on rebound resistance.
Entry: If the rebound reaches the 75,700-76,600 zone and faces resistance, then fall back, can try a small short position.
Stop loss: Unconditionally exit if it breaks above 77,200.
Take profit: Target the 74,800-74,200 range; if broken, look towards around 73,900.

ETH 1-hour timeframe shows a similar weak bearish structure with sharp rises and falls, with the center of gravity continuously moving downward. In the morning, it surged to 2,129.15 before facing resistance and falling back. A volume-driven long bearish candle broke below key support, with the lowest touching 2,007.01, indicating a fierce short-term downtrend. The current price is 2,045.17, at a stage low. After the bearish momentum was largely released, a slight sideways consolidation appeared, but overall it remains constrained 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 stabilize within the 2,030-2,040 zone (no longer making new lows), can try a small long position.
Stop loss: Unconditionally exit if it falls below 2,000.
Take profit: Target the 2,068-2,104 range; if broken, look towards around 2,129.

Short position strategy:
Follow the current bearish trend, prioritize shorting on rebound resistance.
Entry: If the rebound reaches the 2,068-2,104 zone and faces resistance, then falls back, can try a small short position.
Stop loss: Unconditionally exit if it breaks above 2,129.
Take profit: Target the 2,030-2,007 range; if broken, look towards around 1,994.

⚠ Personal opinion, for reference only. The market carries risks; invest cautiously. $BTC