Makufeng Observes Trends: 5.16 Bitcoin/Ethereum Market Analysis with Trading Suggestions

　　The daily technical changes for Bitcoin and Ethereum are not significant. Currently, the KDJ three lines remain at a high level, and the MACD volume continues to shrink. Vol indicates that today's trading volume has sharply decreased, suggesting that the intraday trend is likely to be sideways. In the main chart, MA10 and MA30 are consistently strengthening below, and MA5 is also slightly turning upwards again, indicating strong support. However, Ethereum has currently formed a green TD9, while Bitcoin's MA5 shows weakening with a downward turn. The KDJ and MACD are also slightly turning down, indicating that the bullish momentum for Bitcoin is not very strong and it urgently needs a technical adjustment for indicator repair.

　　On the 12-hour level, KDJ is oscillating downwards, and the MACD shows a crossover at a high level. Once the death cross stabilizes, it will start to adjust with increased volume. In the main chart, MA5 and MA10 are consolidating in a sideways manner, while the MA30 daily moving average continues to strengthen. Overall, based on the weekly chart, I personally believe the market will first undergo a technical adjustment; otherwise, insufficient volume support will affect the upward trend. For short-term trading in the future, it is recommended to primarily short during rebounds. Specific points can be referenced as follows:

　　BTC: Short at 104300-104800, target 102300

　　ETH: Short near 2640-2660, target 2560

　　The above is my personal evening trading suggestion. The market changes rapidly, and the article may have a certain lag; specific operations should be guided by real-time trading. If you have any questions, feel free to consult.