Last night, Bitcoin rebounded to 63,800 but faced resistance and pulled back, hitting a low of 61,000 in the early morning, currently stabilizing and rising again. Yesterday, I firmly executed a long strategy, with Bitcoin and Ethereum both profitable across the board.

From the current market situation, the daily chart is still suppressed by the Bollinger bands, and the downward trend has not changed; on the 4-hour chart, the Bollinger bands are closing in with strong resistance at 64,000-65,000, the bulls' momentum is continuously weakening, and the rebound is nearing its end. On the hourly chart, repeatedly encountering resistance around 63,499, with obvious stagnation, and heavy selling pressure above. The trading approach remains unchanged: continue to short on rallies.

For Bitcoin, short near 63,400-63,900 on rebounds, with a target of 61,000-60,000; if broken, then look for a further decline to 58,000.
Ethereum short near 1,680-1,710 on rebounds, with a target #美国5月CPI创三年新高 of 1,600-1,500.