Morning Thoughts on May 15
From a technical analysis perspective, the current market is generally in a state of fluctuating consolidation, with both bulls and bears locked in a tug-of-war. The MACD indicator on the 4-hour level is operating below the zero axis, indicating that bears currently have the upper hand, but the distance between the two lines continues to narrow, suggesting that the downward momentum is significantly weakening, and the market may be brewing a rebound. The RSI indicator is approaching the overbought area, but has not yet reached extreme levels, indicating that while bulls have the upper hand, they are not yet overheated. Going forward, it is crucial to pay close attention to whether the RSI can break through key resistance levels to confirm an upward trend. Overall, during the early trading phase, it is recommended to focus on a strategy of buying on highs 🈳郸 to seize potential rebound opportunities.
Bitcoin trading strategy: Sell around 104500-105500 on rebound, targeting 102000.
Ethereum trading strategy: Sell around 2640-2660 on rebound, targeting 2550.
From a technical analysis perspective, the current market is generally in a state of fluctuating consolidation, with both bulls and bears locked in a tug-of-war. The MACD indicator on the 4-hour level is operating below the zero axis, indicating that bears currently have the upper hand, but the distance between the two lines continues to narrow, suggesting that the downward momentum is significantly weakening, and the market may be brewing a rebound. The RSI indicator is approaching the overbought area, but has not yet reached extreme levels, indicating that while bulls have the upper hand, they are not yet overheated. Going forward, it is crucial to pay close attention to whether the RSI can break through key resistance levels to confirm an upward trend. Overall, during the early trading phase, it is recommended to focus on a strategy of buying on highs 🈳郸 to seize potential rebound opportunities.
Bitcoin trading strategy: Sell around 104500-105500 on rebound, targeting 102000.
Ethereum trading strategy: Sell around 2640-2660 on rebound, targeting 2550.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
102,741.53
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ETH
2,530.24
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