May 20th Bitcoin and Ethereum Market Analysis and Strategy
From the current market perspective, Bitcoin is in a clearly strong upward channel, and the probability of continuing to rise in the short term is relatively high. However, from the technical indicator analysis, on the 4-hour chart, the price has broken through the upper Bollinger Band, which is often a signal that the market is entering an overbought state. Therefore, short-term operations today can focus on high short and low long positions.
Trading Suggestions:
Bitcoin: 104500-10500, stop loss at 106000
Ethereum: 2480-2500, stop loss at 2600