US stocks are strong, and the decline is limited; watch out for capital outflow as inflows slow down! 5.16 Bitcoin Auntie's analysis
The price of cryptocurrency has not fluctuated much in the past few days. Last night, I suggested a short position, and we have since exited again. Although the bullish momentum has slowed down, the decline is limited due to the strength of US stocks! The US regulatory agencies will propose reform recommendations before this summer. As they plan to ease capital rules, the Trump administration is cutting regulations in various areas, from environmental policies to financial disclosure requirements. Critics argue that given the recent market volatility and policy turmoil during Trump's presidency, the timing of reducing bank capital requirements is concerning.
From a technical perspective, the daily chart has recorded another bullish candle with a long lower shadow. This closing may indicate capital outflow. Indicators like the Bollinger Bands have not shown significant changes, but the KDJ has formed a death cross and is starting to diverge. The MACD's volume continues to shrink, indicating signs of a death cross as well. The daily outlook remains bearish! Therefore, for intraday operations, Conan suggests maintaining a primary strategy of shorting at high levels! Watch for resistance levels at 104500, 105000, 105500, and 106000; support levels to pay attention to are 102500, 100700, 100000, 99000, and 97500.
5.16 Bitcoin trading strategy: Aggressive traders should short on a rebound at 104000-104300; conservative traders should enter at 104800-105300, with a stop loss at 106000 and targets around 102500-102000-101500. If it breaks, target around 101000-100700, and hold depending on the situation!
5.16 Ethereum trading strategy: Aggressive traders should short on a rebound at 2580-2630; conservative traders should enter at 2660, with a stop loss around 2680 and targets around 2550-2500-2475. If it breaks, target around 2450-2420-2400, and hold depending on the situation!
Long position strategy: For Bitcoin, enter long on a pullback at 100000-100500, with a stop loss around 99300 and targets around 101000-101500-102000-102500. If it breaks, target around 103000-103500;
For Ethereum, consider entering long at 2380-2405, with a stop loss around 2350 and targets around 2430-2450-2480. If it breaks, target around 2500-2530!
US stocks are strong, and if they drop, they can rebound quickly, which is also why cryptocurrency prices cannot drop too much. However, with capital inflows slowing down, we must be more vigilant about the risk of capital fleeing! #美国PPI数据来袭 #美国加密立法
