5.18 Weekend Early Review: Seeking Breakthrough in the Cryptocurrency Market Amid Fluctuations
Dear investment friends, good morning this weekend!
Looking back at yesterday's (Saturday) market, the battle between bulls and bears was fierce, and the overall situation was tense. The price frequently switched between bullish and bearish forces during the day, lacking continuity in its movements, with limited volatility and a relatively slow trading pace. In terms of Bitcoin, after the evening price dipped to a low of 102500, it rebounded. In the early morning, the bulls pushed the price up to a high of 103300, but it soon faced resistance and fell back, forming a fluctuating cycle. Ethereum's volatility was similarly limited, with poor trading opportunities; after dipping to 2442 in the evening, it rebounded to 2488, and then retraced again. In the day's short-term operations, the Bitcoin strategy successfully captured a profit of 800 points.
Current Market Analysis:
- Daily Level: The current movement has stabilized in a bullish trend. Yesterday's candlestick formed a large bullish candle, suggesting that there is still potential for upward momentum in a unidirectional market.
- Four-Hour Level: After horizontal consolidation, the market broke through the upper Bollinger Band resistance with consecutive bullish candles, and the moving average system shows a bullish arrangement. The current price is consolidating around the 103000 level, with no obvious signs of retracement. In the short term, the bulls are in a dominant position, and all technical indicators point to the bullish side. The key support to watch is the 102000 level; if this level is not effectively broken, it is advisable to enter long positions on dips.
Trading Suggestions:
- Bitcoin: If the price falls to the range of 102500 - 102000, consider entering long, targeting 105000.
- Ethereum: Position long near 2450 - 2430, with a target price of 2560.
Investment carries risks, trading requires caution, and it is recommended to strictly set stop-loss and take-profit levels to control position risks! #山寨季何时到来？ #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
