5.12 Early Morning Analysis

From the current situation, the flight situation is starting to recover slowly, and the candlestick is operating near the middle band of the Bollinger Bands. The energy of the bears is beginning to decrease. In terms of operation, it is recommended to buy low!

From a technical perspective, the daily line shows a long lower shadow bearish candlestick, with the coin price operating near the upper band. The three bands are extending upwards, and the moving average indicators are also in a bullish arrangement. The KDJ three lines are moving upwards and currently operating in the overbought zone. The MACD double lines are upwards but with slightly reduced volume. The technical indicators still show a bullish outlook, but there is a need for a pullback. Therefore, today’s focus should be on the news from the China-US negotiations. If the details are signed and tariffs are significantly reduced, it is highly likely that funds will flow back into the market. So, the daily operation is recommended to focus on pullbacks for buying, with upper resistance levels at 1050, 1060, 1070, and 110,000, while lower support levels are at 1035, 1030, 1022, 1010, and the 100,000 mark.

Bitcoin is expected to retrace around 1033-1037 for buying, with targets focusing around 1055.

Ethereum is expected to buy around 2470, with targets focusing around 2580.