Yesterday, the U.S. April CPI data was slightly below expectations, indicating that inflation has not increased, easing the resistance to rate cuts. However, the short-term market capital flow has not strengthened, leading to high-level fluctuations in Bitcoin's daily candlestick chart. The current candlestick is biased towards a mixed arrangement, and the MA5 daily moving average has begun to flatten. The MACD and KDJ indicators show signs of convergence, and bullish volume is starting to shrink. This week's positive information has been realized. Bitcoin belongs to a corrective rebound, while Ethereum shows independent strength with upward momentum. Currently, the strong resistance level on the daily chart is around 10500. Bitcoin must stabilize above this level to increase volume and reach new highs; otherwise, if it cannot stabilize above the strong resistance at 105000 within this week, Bitcoin will experience short-term corrections.
On the 4-hour chart, Bitcoin has once again entered a range-bound adjustment trend. The MACD and KDJ indicators lean towards a bearish correction. However, due to weak trading volume, Bitcoin is short-term biased towards sideways small fluctuations. Based on the hourly chart, Bitcoin's price is operating within a downward channel, with high points gradually decreasing. The price indicates a correction sentiment, suggesting temporary strong selling pressure. However, if it breaks below the support at 102500 with increased volume, it may accelerate the decline towards the 100000 mark. Therefore, regarding the early morning of May 15, my personal view is to maintain a short-term trading strategy with a focus on long positions.
Trading Strategy: 103800-104500 Long Target: 102500-102000 Line Just Stop Loss: 104800
Although Ethereum has recently exhibited a strong rebound trend, looking at the 12-hour and 6-hour charts, its basic trend is synchronized with Bitcoin, leaning towards short-term fluctuations and corrections. The short-term support reference is around 2510. If it cannot effectively break below the support at 2510, Ethereum will likely experience another rebound in the daily update tomorrow. Therefore, for the early morning trend, Ethereum's short-term strategy can be a long position as long as it does not break the support, before considering adding more positions.
Trading Strategy: 2610-2640 Long Target: 2560 -2510 Just Stop Loss: 2660
Personal opinion for reference only, proceed with caution when entering the market.#美国加征关税 #CPI数据来袭