5.15 Mainstream Coin Operation Summary
In the early morning, Bitcoin fluctuated with slight movements. Ethereum, on the other hand, followed a downward trend, pulling back 2000 points from below 104000 to around 101700.
Litecoin had a brief period of fluctuation in the early hours before making a short upward movement, with early morning prices moving down 100 points in line with Bitcoin.
In the evening, after the PPI, unemployment claims report, and Powell's speech, there was a brief dip, reaching a low of around 101324/2477.
Today, Ethereum was operated with a high sell and low buy strategy. In the early morning, Litecoin consistently broke downwards, and today the operations with Ethereum yielded significant results, with Bitcoin gaining a total of 5307 points and Litecoin 285 points.
Bitcoin and Ethereum have been continuously moving downwards at high levels in the hourly timeframe, while the lower levels continue to break down. The short-term trend favors downward movements.
In the four-hour chart, there is still pressure around 105000/2700 and support at 101400/2450, indicating that the overall market has not effectively exited the range of box fluctuations.
At this turning point, there is a shift in operations, and Bitcoin is once again being driven up. Ethereum mentioned in the evening that the critical position to watch is 103000/2580; if it can effectively hold, it is expected to continue rising. Currently, Bitcoin continues to rise, with prices likely to keep increasing in the short term.
In the early morning, Ethereum suggested to follow a high sell and low buy strategy for short-term pullbacks.
Targets for Bitcoin: 103500-103800 buy target 104800.
Targets for Litecoin: 2560-2580 buy target 2630.
