Thursday Review and 5.29 Thought Sharing

$BTC Market Review: At midnight, from the high point around 75,500, a downward channel was formed, reaching around 74,200 in the early morning, trading around 74,300 during the morning, then continuing downward, hitting a bottom and rebounding at around 72,600 at noon, trading in the 72,700-73,600 range in the afternoon, then falling again to the intraday low of 72,556 before rebounding to 73,500, currently trading near 72,900.
$ETH Layout Summary: Throughout the day, maintained a bearish outlook, with a Bitcoin short from 75,300 to 74,300 gaining 1,000 points; Ethereum short from 2,060 to 2,020 gaining 40 points; in the morning, Bitcoin short from 74,200 to 73,700 gaining 500 points; Ethereum short from 2023 to 1980 gaining 43 points; in the evening, Bitcoin short from 73,600 to 72,600 gaining 1,000 points. Let go of subjective guesses, abandon luck mentality, follow the trend, manage risk as a foundation, and be patient as the sail. True profit is never achieved by lone bravery against the waves, but by learning to ride the momentum. Control restless hearts, understand the cycle’s direction, go with the overall trend, and time will eventually give answers to the patient.

Looking at the 4-hour chart, the Bollinger Bands’ three lines are moving downward in sync, with the opening continuously diverging downward, which is a typical bearish dominant trend signal. After the price fell to the low of 72,556, the decline slowed significantly, with the candlesticks switching from large bearish to small bearish and small bullish alternations, indicating short-term bearish momentum has been exhausted, entering a low-level oscillation and correction phase after the decline. However, the oscillation range is mainly near the lower Bollinger Band, with the price’s center of gravity still low, just a slowdown in the decline, not a trend reversal. On the 1-hour chart, the Bollinger Bands are opening downward, with the middle band slanting downward, and the price is close to the lower band, forming a narrow sideways structure after weak decline. Currently, the Bollinger Band is not showing obvious contraction signs, indicating the short-term oscillation range will not expand rapidly, and the market will maintain a small range grind. In terms of operation, we still maintain a cautious rebound and shorting approach. #股票交易挑战最高赢17000U

Friday early morning Bitcoin operation suggestion: Short near 73,500-74,000, target 72,000; Ethereum operation suggestion: Short near 2,000-2,020, target 1,960.