Today is May 17th, and it's the weekend market. Let's take a look at whether there are any opportunities in today's market. Currently, from the perspective of the daily chart, there is a bit of range-bound fluctuation.

The weekend's volatility is generally not too large, so today we can only do some short-term trades, including Ethereum. Here, we also took a small short position.

At present, the overall perspective shows low-level fluctuations, and the direction is clearly bearish without a doubt. There is no suspense; the position originally given by the teacher was to short at 103,700. Just now, we almost entered at 103,658, with the given position being 103,700. Currently, we have opened a short position here. The first support level we need to pay attention to below is 102,600 and 101,300. Both 102,600 and 101,300 are the current positions for Bitcoin. Overall, the structure is indeed bearish.

The direction for Ethereum is the same. From the perspective of the entire long cycle, this temporary top has already formed.

In the short cycle, this is very clear. From the 4-hour structure, the peak has already formed.

The first position we need to pay attention to below is the support level at 2,420. The first thing to note is the support level at 2,420.

Temporarily, it is obvious that there is a year-on-year increase in the market, and a year-on-year decrease in the market. If the position at 2,420 can hold, it means we are still in this top fluctuation area. Once it breaks down, the space below will open up.

So overall, it is not a problem to be bearish.

If you are unsure about the points, you can follow the public account: KK Strategy

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