Evening Analysis on May 12
The mid-line of the daily chart is key to observing the medium-term trend. Currently, the mid-line for Bitcoin is around 102000-103000, and for Ethereum, it is near 2550-2580. When it drops down to these two positions, it rebounds, indicating strong support. In the four-hour chart, after briefly breaking below the mid-line, it has risen back, showing that the bears have not broken through, which instead strengthens the bulls.
Evening Trading Ideas
- Go long near 103000-102500 for Bitcoin, targeting around 105000. If it breaks through, further targets are around 106000.
- Go long near 2600-2560 for Ethereum, targeting around 2680. If it breaks, further targets are around 2720.
If it fails to stabilize, consider reversing positions.
This personal suggestion is for reference only.
