Mu Feng Looks at Trends: 5.14 Bitcoin/Ethereum Market Analysis with Trading Suggestions

From a technical structure perspective, the daily KDJ for Bitcoin/Ethereum has once again reached a high position. The MACD continues to strengthen, but the volume release is not strong. The price on the BOLL is moving closely to the upper track, indicating that the upward momentum is beginning to feel a bit strained. In the main chart, the three-day moving averages are still arranged to rise at different amplitudes, but currently, a small bearish candle has formed. Now we need to see if the five-day moving average can hold. If the five-day moving average breaks, it will trigger a technical pullback adjustment at a larger level; otherwise, it will continue to explore the upward pressure along the five-day moving average. On the four-hour level, the MACD at a high position is continuously fluctuating downward, and the main chart price has dropped below the five-day moving average and shows a red TD1. Currently, the four-hour chart shows an opening, and now we need to see if the daily MA5 can hold. The intraday short-term market has seen a decrease in volume, so there is a probability of a downward adjustment in the short term in the future.

In terms of operations, just short at high rebounds; specific points can be referred to:

BTC: Short at 104500-105000, target 101500

ETH: Short near 2630-2650, target 2530

The above is my personal intraday trading advice. Market conditions change rapidly, and this article has a certain lag. Specific operations should follow real-time guidance. If you have any questions, feel free to consult.