Analyst Liang Qiu: 5.16 Bitcoin/Ethereum Early Morning Market Analysis

Bitcoin/Ethereum again laid out a short position plan in the evening, and the market震荡下跌 to 101300 and 2475, with the short position space also fully utilized. The market has rebounded again. As mentioned before, since the market dropped from the high of 2738, it has shown a wide fluctuation trend. Multiple articles were published yesterday entering short positions, and similarly tonight. However, there is certain support at 2450 and 101000 that has started to rebound, but the rebound is not a reversal; after a rise, the market will still have a pullback. The continuous downward trend on the daily chart has not shown significant changes, and the MA moving averages have started to turn downwards; the pressure on Bitcoin is also continuously decreasing. Further attention will be paid to the pressure at the upper line of 103600 to 104000. On the four-hour level, the K-line is running at the top of the EMA trend indicator with bullish contraction, and the top pressure is moving down. The MACD has been continuously shrinking, and the top divergence pattern is spreading to the medium-term trend; there will still be a rise and fall in the evening.

For the early morning operation, Liang Qiu suggests entering short on Bitcoin around 103300 to 103800, targeting around 101500; entering short on Ethereum around 2570 to 2590, targeting around 2500. The publication has timeliness, and the specifics should be based on real-time data. #美国加密立法