5.28 Midday Market Thoughts

$BTC Accurate grasp of the short-selling trend in the morning, decisively entering short positions at 74,250 on Bitcoin to target 73,000. The market suddenly plunged, accelerating downward; we calmly took profits at 73,700, locking in a 500-point gain. Ethereum followed the trend, with a 2023 short position aimed at 1,980. The market perfectly fulfilled the forecast, smoothly earning 43 points. A sharp decline is panic-inducing for those who don’t understand the market, but an opportunity for those who pre-judged. Those caught in reverse trend are still panicking, while those following the trend have already taken profits and exited. $ETH

From the 4-hour chart, the Bollinger Bands are generally opening downward, with the upper and middle bands pressing down together. The price has broken below the lower band, indicating continuous release of bearish momentum. The K-line highs are constantly moving lower, recently forming large-bodied bearish candles. The downward pace is smooth, with weak rebound strength. The market lacks effective bullish support, and in the short term, it is in a clear weak-downward structure. The middle band above will form strong resistance. Without obvious stabilization signals, the downtrend will continue. Do not blindly buy the dip!

Thursday midday Bitcoin trading suggestion: Short near 73,500-74,000, targeting 72,000; Ethereum trading suggestion: Short at 1,990-2,000, targeting 1,950.