5.15 Evening Thoughts
Currently, Bitcoin's MACD has a death cross and the green bars are shrinking. The RSI is close to the oversold area, indicating a possible short-term rebound, but the trend remains unchanged. The 4-hour Bollinger Bands are operating below the middle line, and a top distribution pattern has formed, necessitating caution against pullback risks. Ethereum's MACD fast and slow lines are extending downward, with a neutral RSI. Short-term momentum is weakening but has not confirmed a reversal, and it is in a downward channel on the 4-hour chart. For the evening, it is recommended to go long at high positions.
Trading Suggestions
Enter long near Bitcoin 102500, with a target of 100500.
Enter long near Ethereum 2570, with a target near 2480.
Market conditions are constantly changing. Friends entering the market should follow real-time guidance at #BTC .