5.20 Morning Market Analysis
According to the current market, the four-hour level shows that the market has risen with two consecutive bullish candles to just below the upper Bollinger Band, where the upper Bollinger Band has provided some resistance, preventing bullish momentum from supporting further price increases. From the one-hour level, the market is alternating between small bearish and bullish movements, with both bulls and bears pulling against each other, and neither side breaking out of a significant range. However, the KDJ indicator shows that the three lines at this level are converging and showing signs of turning downwards, and all three KDJ values have entered the overbought zone, suggesting a high expectation for a pullback in the future. Therefore, we will maintain a high short strategy in our morning operations.
Bitcoin can be shorted around 106500-107000, aiming for 10400.
Ethereum can be shorted around 2540-2570, aiming for 2450.
According to the current market, the four-hour level shows that the market has risen with two consecutive bullish candles to just below the upper Bollinger Band, where the upper Bollinger Band has provided some resistance, preventing bullish momentum from supporting further price increases. From the one-hour level, the market is alternating between small bearish and bullish movements, with both bulls and bears pulling against each other, and neither side breaking out of a significant range. However, the KDJ indicator shows that the three lines at this level are converging and showing signs of turning downwards, and all three KDJ values have entered the overbought zone, suggesting a high expectation for a pullback in the future. Therefore, we will maintain a high short strategy in our morning operations.
Bitcoin can be shorted around 106500-107000, aiming for 10400.
Ethereum can be shorted around 2540-2570, aiming for 2450.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
111,482
+1.63%