May 19 Bitcoin Morning Market Analysis and Trading Strategy
【Market Review】
A new week begins, and the market welcomes new opportunities. Last night, Bitcoin initially rose then fell, peaking at 107100 before facing pressure and dropping back. After testing the support level of 103200 at 3 AM, it strongly rebounded in a V-shape, and the current price stabilizes around 104500, demonstrating bullish resilience.
【Technical Analysis】
The 1-hour chart shows key signals:
1. Bollinger Bands Indicator: Price is running along the upper band, the middle band support is effective, and the bands are expanding, indicating short-term upward potential.
2. KDJ Indicator: The J value has completed a bottom formation and is turning, with the three lines about to form a golden cross, indicating that bullish momentum is recovering.
3. MACD Indicator: The DIF and DEA lines are narrowing and approaching, with the green momentum bars continuously decreasing, gradually releasing bearish pressure.
【Comprehensive Judgment】
The current technical situation shows characteristics of "bearish exhaustion + bullish accumulation". If the key support level holds firm, a continuation of the rebound trend is expected. Attention should be focused on breaking through the previous high pressure level of 106000 USD.
【Operational Suggestions】
Bitcoin:
• Entry Area: 105300-105500
• Take Profit Target: 106800 (previous high pressure level)
• Stop Loss Suggestion: 104800 (below the middle band on the hourly chart)
Ethereum:
• Entry Area: 2420-2430
• Take Profit Target: 2500 (psychological round number)
• Stop Loss Suggestion: 2400 (previous low support level)
(Risk Warning: The above strategies are based on the current technical structure. If there is a significant drop below 104500 USD between 8-10 AM, the trend needs to be reassessed.)
