Evening Analysis on May 21
Currently, from the daily level, Bitcoin has been consolidating at a high position, seemingly showing a trend of breaking north again. After the second peak test of the previous high at 107000, although it faced pressure and retreated, the support level at 104000-105000 remains strong, and the resistance level is at 106500-107000. As long as it doesn't break below 101500, the upward trend remains unchanged🚨
The Ethereum price continues to explore north to the range of 2580-2600 before beginning to pull back, with support at 2500-2450. If it breaks down, the next support level to watch is 2350, with resistance at 2580-2600, and if it breaks above, look for 2700; 🚨
Trading Strategy: The current short positions established yesterday for Bitcoin and Ethereum have both accurately taken profits. Currently, they are again in a phase of pulling back after a high surge. It is recommended to cautiously set up long positions at lower levels!
For Bitcoin, buy at 106000-105000
Target around 106000-107000
For Ethereum, buy at 2460-2490
Target around 2550-2620
🔥 The strategy is time-sensitive, please follow the guidance of Wanxiang Shipan!