六出纷飞
--
【5.18 BTCÐ Market Analysis】
Good weekend brothers, there hasn't been much fluctuation in Bitcoin and Ethereum these days, let's take a look at the technical indicators for specifics.
Bitcoin is currently in a range-bound structure, with prices retreating under pressure near previous highs, but the support below remains intact, showing a high-level consolidation in the short term. The 4-hour moving averages are converging, and the MACD is close to the zero line, indicating a volatile signal.
From the volume performance, the shrinking pullback has not broken key support. If the support area can be maintained in the short term, we can expect another test of the upper resistance area.
In terms of strategy, one can maintain a low long position but avoid chasing highs. Wait for a pullback confirmation to look for stabilization signals to participate in the rebound. If the support is broken, one should switch to a defensive position or adopt a short-term wait-and-see approach.
Ethereum has experienced a quick pullback and is currently in a phase of adjustment, seeking stability in the previous platform support area. Overall, it remains within a major upward trend structure, but short-term bearish momentum is relatively strong, so attention should be paid to whether a double bottom or bullish divergence pattern is being formed.
In the 4-hour structure, ETH has broken below the short-term moving average system, showing a technical pullback, with trading volume continuously shrinking, indicating a technical expectation of a rebound due to overselling. The key is whether the market is willing to take over at the current low levels.
Operational suggestions:
Bitcoin: Build positions gradually in the 102600-102200 range with low buy-ins, stop-loss at 101200, looking initially at 104800.
Ethereum: Gradually build positions in the 2450-2420 range, stop-loss at 2380, aiming for 2520 and 2580.
Good weekend brothers, there hasn't been much fluctuation in Bitcoin and Ethereum these days, let's take a look at the technical indicators for specifics.
Bitcoin is currently in a range-bound structure, with prices retreating under pressure near previous highs, but the support below remains intact, showing a high-level consolidation in the short term. The 4-hour moving averages are converging, and the MACD is close to the zero line, indicating a volatile signal.
From the volume performance, the shrinking pullback has not broken key support. If the support area can be maintained in the short term, we can expect another test of the upper resistance area.
In terms of strategy, one can maintain a low long position but avoid chasing highs. Wait for a pullback confirmation to look for stabilization signals to participate in the rebound. If the support is broken, one should switch to a defensive position or adopt a short-term wait-and-see approach.
Ethereum has experienced a quick pullback and is currently in a phase of adjustment, seeking stability in the previous platform support area. Overall, it remains within a major upward trend structure, but short-term bearish momentum is relatively strong, so attention should be paid to whether a double bottom or bullish divergence pattern is being formed.
In the 4-hour structure, ETH has broken below the short-term moving average system, showing a technical pullback, with trading volume continuously shrinking, indicating a technical expectation of a rebound due to overselling. The key is whether the market is willing to take over at the current low levels.
Operational suggestions:
Bitcoin: Build positions gradually in the 102600-102200 range with low buy-ins, stop-loss at 101200, looking initially at 104800.
Ethereum: Gradually build positions in the 2450-2420 range, stop-loss at 2380, aiming for 2520 and 2580.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number