5.8 Thursday, Bitcoin latest market analysis

In the early morning, the big pie declined stepwise from the high point of 97440, first probing down to 95854 before a pin-like rebound to the line of 96805. It then made a second probe down to the low point of 95737, quickly rising due to news stimuli to consolidate around the high point of 97348, and is currently hovering around the 97000 mark. Whether the reasoning is correct will be verified by time; is the strategy given in the early morning of first shorting and then going long just an easy way to make a profit?
From the current technical structure, although the overall trend is still upward, neither the long nor short forces are strong in the short term. The overnight pullback did not result in a vigorous downward break. From the daily line perspective, the rebound space and shape are insufficient for a significant breakthrough. The mid-track provides some support, while the resistance above is also obvious, and the volatility space is limited. If there are no major news stimuli in the short term, the market will enter a range-bound oscillation rhythm. Given that the coin price has once again returned to the upper range, the short-term strategy in the morning could be to first attempt a short position to see if it pulls back. If it touches the support and stops, then switch to a long position. Before breaking the previous high, treat it as a range by selling high and buying low!
Morning operation suggestions
BTC: Range 97500-98000, target 95500.
If it doesn't break, we will re-enter the long position.
ETH: Short in the range of 1830-1850