Li Shenting: 5.16 Ethereum/Bitcoin Evening Market Analysis and Trading Thoughts
Today, Ethereum has been in a sideways state, and the current price of Ethereum is oscillating around 2600. From the current perspective, the KDJ technical indicator is still in a high-level fluctuation, while the MACD technical indicator shows a reduction in bullish volume. At the same time, the VOL technical indicator's trading volume is also continuously weakening, possibly due to the upcoming weekend leading to thinner trading volume. Currently, Ethereum has successfully formed a green TD9, while the Bitcoin MA5 daily moving average has turned downwards. Additionally, Bitcoin's KDJ and MACD technical indicators have also slightly declined. From the current perspective, there is a significant lack of bullish volume, and I personally believe there will be a round of technical pullback adjustments in the early morning and evening.
From the 4-hour technical indicators, the KDJ technical indicator is trending downwards, and the MACD has formed a death cross at a high level while stabilizing and beginning to expand. In the short term, the MA5 and MA10 daily moving averages are consolidating and trending downwards. Therefore, considering both the daily and short-term indicators, I believe there will be a round of technical pullback adjustments before making another high.
Ethereum: Short sell near 2590-2630, Stop loss: 2689, Target: 2480
Bitcoin: Short sell near 103500-104500, Stop loss: 105300, Target: 101500
The above is my personal evening market analysis and trading thoughts, for your reference only.
Today, Ethereum has been in a sideways state, and the current price of Ethereum is oscillating around 2600. From the current perspective, the KDJ technical indicator is still in a high-level fluctuation, while the MACD technical indicator shows a reduction in bullish volume. At the same time, the VOL technical indicator's trading volume is also continuously weakening, possibly due to the upcoming weekend leading to thinner trading volume. Currently, Ethereum has successfully formed a green TD9, while the Bitcoin MA5 daily moving average has turned downwards. Additionally, Bitcoin's KDJ and MACD technical indicators have also slightly declined. From the current perspective, there is a significant lack of bullish volume, and I personally believe there will be a round of technical pullback adjustments in the early morning and evening.
From the 4-hour technical indicators, the KDJ technical indicator is trending downwards, and the MACD has formed a death cross at a high level while stabilizing and beginning to expand. In the short term, the MA5 and MA10 daily moving averages are consolidating and trending downwards. Therefore, considering both the daily and short-term indicators, I believe there will be a round of technical pullback adjustments before making another high.
Ethereum: Short sell near 2590-2630, Stop loss: 2689, Target: 2480
Bitcoin: Short sell near 103500-104500, Stop loss: 105300, Target: 101500
The above is my personal evening market analysis and trading thoughts, for your reference only.
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ETH
2,536.96
+2.45%
BTC
104,857.97
+1.83%