Evening thoughts on May 17

The 4-hour chart of Bitcoin shows that after rebounding from a low, the price has been consolidating and building momentum. It launched a wave of rebound around the 93000 level, with a second wave of rebound forming near the 100,000 mark, which is currently extending. Attention needs to be paid to whether the local trend will continue to decline after a correction, or if it will gradually form a reversal from the rebound; close attention should be given to the shift in space and patterns. Currently, the middle track is an important support point for bulls. Yesterday, the price maintained above the middle track and created a consolidation rebound. Although the short-term structure still leans towards a rebound, the price is nearing a key resistance level. If it cannot break through the early week's high, the upward space will be limited. For short-term operations in the evening, it is advised to continue treating the situation with a fluctuation strategy, buying low and selling high around the range.

Operation Suggestions:
The Bitcoin price is between 102200 and 102800, with a target of 104500.
Ether 2450-2470 more, target 2600

#比特币披萨节#