Morning of 5-19
The current market is relatively strong, but there are significant resistances above. The high-level range has not been effectively broken, and short-term upward momentum is insufficient, so do not chase the price. Looking at the daily chart, after a continuous rise, there is high-level fluctuation, with alternating bullish and bearish days not changing the range pattern. As it is in a key resistance zone of a large cycle, it is not advisable to be bullish before breaking through.
Bitcoin is moving south in the 105200-105800 range, with a target of 103-102.
Ethereum is moving south in the 2460-2490 range, with a target of 2380-2300.
The current market is relatively strong, but there are significant resistances above. The high-level range has not been effectively broken, and short-term upward momentum is insufficient, so do not chase the price. Looking at the daily chart, after a continuous rise, there is high-level fluctuation, with alternating bullish and bearish days not changing the range pattern. As it is in a key resistance zone of a large cycle, it is not advisable to be bullish before breaking through.
Bitcoin is moving south in the 105200-105800 range, with a target of 103-102.
Ethereum is moving south in the 2460-2490 range, with a target of 2380-2300.
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BTC
103,248.84
-0.34%
ETH
2,402.06
-4.02%