5.22 Aunty Market Trend Analysis

Yesterday, we gave a short at Aunty 2615, which dropped to a low of 2450, a 165-point move!

Support below is at 2400, and the EMA bullish alternating expansion trend still has some time to go; we are only halfway through. The MACD has formed a dead cross with a top divergence, and after the volume increase, it has started to decrease, enhancing the bearish momentum. The main force is suppressing the price, with the upper Bollinger Band resistance raised to 2950, and the middle band at 2300. It's normal for the main force to come in for a harvest at this time.

After the four-hour level peaked, it dropped from 2600, breaking below 2500 and impacting the EMA60 trend support at 2460. The lower EMA90 trend support is precisely at the 2400 mark. Consider trying a position at this level, as the MACD volume decreases, and if the DIF and DEA cannot hold above 2400, it will form a bearish trend. Additionally, the current four-hour K-line has directly broken below the middle band at 2500 from the upper Bollinger Band, with the lower band support at 2390. The strategy is to wait for effective support confirmation before considering entering long; the short-term focus is mainly on observation, avoiding chasing shorts. Chasing shorts may seem profitable but poses greater risks.

Trading Recommendations:

Aunty: Short in the range of 2620-2700, targeting 2520-2450; if it breaks, continue to look down at $ETH .