Li Shengting: 5.18 Ethereum/Bitcoin Early Morning Market Analysis and Trading Ideas

This evening and during the early morning, Ethereum is undergoing a technical adjustment as expected. Ethereum is currently fluctuating around the 2470 level. From the daily technical indicators, the KDJ and MACD indicators show that bullish momentum continues to shrink, the BOLL indicator is operating in the middle track area, and the MA5-day moving average shows signs of a downturn. Meanwhile, Ethereum has stabilized at the green TD9 signal, and I personally believe that during the early morning and morning, the price of Ethereum is likely to continue fluctuating downwards.

From the 4-hour technical indicators, the KDJ and MACD indicators show a dead cross and a downward fluctuation. The short-term BOLL indicator has fallen to the middle track area, and both the MA5-day and MA10-day moving averages are fluctuating downwards, indicating that the short-term bearish momentum has not ended yet. However, the bottom MA30-day moving average shows signs of strengthening, which also indicates that the bottom support is relatively strong. Therefore, during the early morning and morning, it is recommended to focus on shorting on rebound.

Ethereum: Short in portions around 2490-2530 Stop Loss: 2593 Target: 2420

Bitcoin: Short in portions around 103500-104200 Stop Loss: 105600 Target: 102000#币安Alpha上新 #CPI数据来袭 $ETH $BTC