I'm coming down, how are those soldiers doing?
Have you all eaten well following my thoughts?
Evening Thoughts on May 15
During the midday session, Bitcoin and Ethereum showed a downward volatile trend. The price of Bitcoin continued to decline, with an intraday low near 101700, while Ethereum also reached a low around 2515, indicating significant overall fluctuation space. From a technical analysis perspective, the current MACD indicator for Bitcoin has formed a death cross pattern. Although the green momentum bars show signs of contraction, the RSI indicator is approaching the oversold zone, suggesting a possible short-term rebound opportunity; however, the overall bearish trend still dominates. In the 4-hour period chart, the price is operating below the middle band of the Bollinger Bands and has formed a top formation structure, indicating an increased risk of potential retracement.
Bitcoin Trading Strategy: Sell on rebound around 102500-103800, target near 100000.
Ethereum Trading Strategy: Sell on rebound around 2570-2620, target near 2480.
During the midday session, Bitcoin and Ethereum showed a downward volatile trend. The price of Bitcoin continued to decline, with an intraday low near 101700, while Ethereum also reached a low around 2515, indicating significant overall fluctuation space. From a technical analysis perspective, the current MACD indicator for Bitcoin has formed a death cross pattern. Although the green momentum bars show signs of contraction, the RSI indicator is approaching the oversold zone, suggesting a possible short-term rebound opportunity; however, the overall bearish trend still dominates. In the 4-hour period chart, the price is operating below the middle band of the Bollinger Bands and has formed a top formation structure, indicating an increased risk of potential retracement.
Bitcoin Trading Strategy: Sell on rebound around 102500-103800, target near 100000.
Ethereum Trading Strategy: Sell on rebound around 2570-2620, target near 2480.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
103,725.48
+0.42%
ETH
2,561.31
-1.24%