Coin Circle Li Ying: 5.22 Bitcoin bulls surge endlessly! Ethereum's Red Three Soldiers indicate a massive wave ahead! Latest market analysis
Current Bitcoin price is 109200, Li Ying witnesses history together with everyone, the market currently shows strong upward momentum rarely seen in history. In the short term, the market still tends to continue rising, so Li Ying suggests that the current market environment is suitable for chasing the rise. After confirming a price breakthrough at key resistance levels, moderate position increases can be considered. Set the stop-loss near the short-term support level to prevent rapid market corrections. For new investors entering the market, Li Ying advises maintaining caution, paying attention to signs of market overbought conditions, and preparing to respond to potential pullbacks. The technical K-line pattern shows a Red Three Soldiers formation, which is a strong bullish signal, indicating that prices may continue to rise. All major indicators show a bullish trend, so don't overthink it, just go with the trend.
Reference:
Long position at 107000, stop-loss at 106500, stop-loss 500 points, target 109000
Short position at 111100, stop-loss at 112200, stop-loss 500 points, target 108000
Ethereum
Before publication, the current price of Ethereum is 2570. In the short term, Li Ying finds that Ethereum is in a state of adjustment and fluctuation. The MACD bearish strength is weakening, but bullish strength has not yet significantly increased. The MA indicates that the price may be waiting for new catalytic factors to guide direction. The increase in trading volume suggests that market activity is rising again, possibly brewing new fluctuations. Therefore, Li Ying suggests that if you hold positions, you can pay attention to the fluctuation of MA7 and MA30 as well as changes in MACD. Additionally, considering the strong bullish sentiment and the emergence of the Red Three Soldiers pattern, positions can still be maintained in the short term. If it breaks the resistance level of 2738, you can add to your position. Short-term traders should be aware of the potential pullback risk when a top formation appears. Long-term investors may consider continuing to wait for market direction to clarify, closely monitoring changes in trading volume and moving average crossovers.
Short-term trading reference:
Long position at 2480, stop-loss at 2450, stop-loss 30 points, target 2600
Short position at 2630, stop-loss at 2660, stop-loss 30 points, target 2500
The above is a brief analysis of the current market situation by Li Ying, for investors' reference
