5.17 Market Analysis:
Yesterday, the Bitcoin and Ethereum markets were quite coordinated. Bitcoin touched the entry point twice before declining, while Ethereum continued its downward trend after reaching the target, capturing over 150 points. Last night, Bitcoin surged to 1045 before retreating, entering a fluctuating downward mode. From the 4-hour chart perspective, although the market has double bottom support, the rebound is weak, and selling pressure is gradually increasing, with the Bollinger Bands showing lateral movement. It is recommended to focus on shorting during pullbacks throughout the day.
Trading Suggestions:
Bitcoin trading range 104000-104500, target down to around 102000-102500
Ethereum trading range 2580-2620, target down to around 2420-2450 $BTC $ETH #币安AlphaSUI生态交易竞赛 #以太坊安全计划 #稳定币日常支付 #美国PPI数据来袭 #币安HODLer空投NXPC
