5.12 Morning Analysis
After retracing to 100700 last night, it rebounded to 102500. The four-hour chart shows three consecutive bearish candles breaking below the Bollinger Band lower line, but the MACD fast and slow lines are above the 0-axis indicating a bullish dominance, and KDJ has a golden cross moving upwards. In the morning, we focus on being bullish, with good stop-losses, and do not go against the trend.
Morning Trading Ideas
- For Bitcoin, go long around 102200-101800, targeting near 103000. If it breaks through, further targets at 105500.
- For Ethereum, go long around 2450-2420, targeting near 2500, and if it breaks through, further targets at 2620.
Personal advice is for reference only.
$BTC $ETH
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