5.19 Monday Evening Market Analysis:
Bitcoin dropped from around 104200 to about 102000 in the afternoon and then rebounded to around 103200.
Ethereum fell from around 2404 to about 2346 in the afternoon and then rebounded to around 2422, currently oscillating near 2405.
From the current four-hour structure, Bitcoin shows an increase in volatility, with support around 102000 and resistance around 103800, while the secondary resistance is around 105000. From the one-hour structure, Bitcoin shows a decrease in volatility, with resistance around 104300 and secondary resistance around 106500.
Evening operation suggestions:
For Bitcoin, if it pulls back to around 102800-102300, look towards 104000-104500.
For Ethereum, if it pulls back to around 2390-2370, look towards 2450-2470.
Bitcoin dropped from around 104200 to about 102000 in the afternoon and then rebounded to around 103200.
Ethereum fell from around 2404 to about 2346 in the afternoon and then rebounded to around 2422, currently oscillating near 2405.
From the current four-hour structure, Bitcoin shows an increase in volatility, with support around 102000 and resistance around 103800, while the secondary resistance is around 105000. From the one-hour structure, Bitcoin shows a decrease in volatility, with resistance around 104300 and secondary resistance around 106500.
Evening operation suggestions:
For Bitcoin, if it pulls back to around 102800-102300, look towards 104000-104500.
For Ethereum, if it pulls back to around 2390-2370, look towards 2450-2470.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,739.13
+0.25%
ETH
2,486.53
+1.12%