5.31 Early Morning Thought Sharing

$BTC Saturday Market Review: Overall showing a pattern of rising sharply, then falling back to the bottom, and then oscillating to recover. The early rally also aligned with previous predictions, reaching a high of 74,293. After that, the bullish momentum was insufficient, and the price quickly retreated, dropping to the intraday low of 73,057 to release the bears. Subsequently, supported by the support level, it began a steady rebound, returning to near the 74,000 mark in the evening, entering a narrow range of oscillation. The entire day completed a full round of bullish and bearish battles and market correction. Market fluctuations are normal; every rise and fall is a process of gaining experience. Staying calm and controlling the rhythm are key to steadily progressing in volatile markets and achieving your own results.

$ETH The 4-hour chart still shows a recovery after a sharp decline, remaining within the previous bearish structure and not breaking through key resistance zones to form a trend reversal. Currently, the price is oscillating and building a bottom below the medium-term resistance zone. The rebound strength is weak, and the overall downward trend pressure still exists, indicating a weak rebound pattern. Once the rebound momentum exhausts, the market is likely to restart a downward test of support levels. On the 1-hour chart, although it shows a oscillating upward recovery pattern with a higher proportion of bullish candles, the upward momentum weakens significantly after approaching the previous high resistance level. The candlestick bodies narrow, and signs of bearish exhaustion are evident. In terms of trading strategy, focus on shorting at high points, and consider partial short positions near resistance levels during rebounds. Overall, mainly short on rallies, avoid bottom-fishing at low levels, and strictly set stop-losses to avoid reversal risks.

Sunday early morning Bitcoin trading suggestions: Short near 73,900-74,400, target 72,500;
Ethereum trading suggestions: Short near 2020-2030, target 1980