Morning Analysis on 5.12

From a technical perspective, the daily chart shows a long lower shadow bearish candle, operating near the upper band. The three bands extend upwards, and the moving average indicators are also in a bullish arrangement. The KDJ three lines are currently moving upwards in the overbought zone, and the MACD dual lines are moving upwards but with slightly reduced volume. The technical outlook remains bullish, but there is a need for a pullback. Therefore, today’s focus is on the news regarding the China-U.S. negotiations. If details are signed and tariffs are significantly reduced, it is very likely to attract capital back into the market. Hence, the intraday trading suggestion is to focus on buying during pullbacks. Key resistance levels to watch are 105000, 106000, 107000, and 110000, while support levels to pay attention to are 103500, 103000, 102200, 101000, and the 100000 level.

Suggestions:

Big Contract: Buy around 102400-103400

Target: 105000-107000

Second Contract: Buy around 2430-2460

Target: 2550-2600 #ETH突破2500