May 20 Bitcoin Ethereum Afternoon Latest Market Analysis:
The Bitcoin price rebounded after a morning dip, rising to around 106800. It dipped to around 105400 in the afternoon and is currently fluctuating around 105500. The 4-hour chart shows a complete ascending channel, with 105500-105800 as the support zone. The MACD indicator shows a bearish divergence, but the volume is healthy. Currently, the main focus is on the support at 105000; if it breaks strongly, it will return to a wide range of fluctuations.
Ethereum is overall in a strong pattern, breaking through the upper Bollinger Band. 2480-2500 is the support platform, and the next resistance zone is 2580-2600.
Aggressive traders can go long with a small position at the current price, adding to positions if it breaks 106000, with an overall reference of 105000-105500 for long, looking at 106000-107000. #山寨季何时到来？
For Ethereum, consider going long in the 2500-2530 range, looking at 2600, while also paying attention to the key support levels of Bitcoin and Ethereum, and beware of a deep pullback.
