5.29 Afternoon Thought Sharing

$BTC This morning's Bitcoin market review, relying on chart structure to precisely identify the range of oscillation. At the 73,800 level, trend analysis clearly shows significant resistance above, with insufficient rebound momentum, leading to a short position setup. The market as expected experienced a downward correction at midday, smoothly retracing to the 73,200 target level, successfully taking profit and exiting, capturing a 600-point gain. The market changes rapidly; only by deepening understanding of the chart and controlling the rhythm can one steadily harvest in rising and falling markets. Reject blind follow-the-leader trading; only engage in confident trades, using consistent performance to demonstrate professional strength!

From the 4-hour chart perspective, the overall trend is within a downward channel, with the Bollinger Bands opening downward, the trend's center of gravity continuously shifting lower, and the medium-term bearish structure unchanged. After falling from a high, the current rebound is only a weak correction within the downtrend, with the middle Bollinger Band still pressing downward, making it difficult for the rebound to directly reverse the downward trend. The previous low at 72,500 forms a key support level below, while the upper Bollinger middle band exerts heavy pressure, limiting the rebound space, leaning more towards oscillation and bottoming repair. On the 1-hour chart, the price is moving between the upper and middle Bollinger Bands, with the upper band showing clear resistance. After rising to around 73,900, it repeatedly faced resistance and fell back, with rebound strength clearly insufficient.

Friday afternoon Bitcoin trading suggestion: short near 73,900-74,400, target at 72,500; Ethereum trading suggestion: short near 2010-2030, target at 1980.