5.14 (Wednesday) Market Sharing (For Reference Only)

BTC: The big cake surged to 105800 yesterday and then fell back, hitting a low of around 100600 at midnight to stop the decline, a drop of nearly 5000 points from the high! It fell almost half of a ten thousand point drop. Then it rebounded to around 103000, with the lowest point falling back to around 101500, where it was supported and continued to rise. Last night, it peaked again at around 104900 before being pressured down. As of now, it has fallen back to a low of 103700, with 4 bearish candles on the hourly chart, and the 15-minute level showing a bearish trend, but the decline is on low volume, making a crash scenario unlikely. If it stabilizes above 103500 this morning, there will be a rally; as long as it doesn’t break this moving average position, it can still continue to challenge 104500.

Resistance above the big cake: 104500, 104900, 105800; support below: 103600/102500/101500/100700.

In terms of operations: enter a low long position around 102500/101500, and stop loss if it breaks below 100800; target at 103600/104500 or even the previous high; enter a high short position at 105700, and bring the stop loss to 106500, with a target of 103600, reducing positions gradually to protect capital.

ETH: The second cake hit a low of around 2410 early the day before yesterday and started to rise all the way. Last night, it first surged to around 2570, and then broke through the previous high of 2620 in the early morning, reaching a maximum of 2738. It was another classic case of the big cake consolidating while ETH caught up. No one expected that ETH's catch-up was far from over, and friends who shorted ETH last night suffered heavy losses! Looking at ETH's trend, it wants to sprint to a high point, so try to go long on dips, but be alert to the risk of a rapid drop during the washout process. Be cautious of a sudden drop of two hundred points during the catch-up process!! At this position of ETH, a two hundred point spike in either direction is normal.

Resistance above ETH: 2740, strong resistance at 2850; small support below: 2620, 2580, 2480, with key support at 2410. In terms of operations, it is recommended to go long on dips, looking for positions at 2480/2410 to buy, targeting the previous high of 2740.

The above are personal opinions, for reference only! Special note: ETH is prone to volatile swings, so be sure to use stop-loss orders when trading ETH! If my post helps everyone, I will be immensely honored ✊✊✊