Bitcoin/Ethereum Evening Surge and Fall Short Position Strategy Revalidated

Analyst Liang Qiu: 5.14 Bitcoin Auntie's Evening Market Analysis and Trading Suggestions

Bitcoin Auntie has once again surged since last night, and after a high-level consolidation this morning, it has been fluctuating downwards. The overall volatility of Bitcoin is not very large, while Auntie's volatility has significantly intensified. After breaking the recent high point and reaching 2738, it has been declining all the way down to around 2600 now. Since Bitcoin broke the recent high of around 105800 a couple of days ago, there hasn't been a significant breakthrough in the past two days, and it remains in a sideways fluctuation in the short term. From a technical perspective, the daily chart shows a clear upward trend, but the daily MACD bullish volume is shrinking. The short-term support is around 101000, and the market's multiple attempts to break the high indicate a certain need for a pullback.

Auntie has shown strong performance recently, gaining support near the 200-day exponential moving average at 2430 and continuing the upward trend. However, it faces resistance at the 2700 level in the short term, while the support level moves upward, and the market will continue to fluctuate between 2500 and 2700. From the four-hour level, after a high surge and subsequent pullback, the market is in a consolidation phase. Pay attention to the strength of the pullback this evening. Recently, the market has been in broad fluctuations and is expected to continue the downward trend tonight, with a focus on the support at 2500.

Evening trading suggestions BTC: short at 10.4 to 10.45, target around 10.2; ETH: short at 2620 to 2640, target around 2550. #美国加征关税