5.23 Auntie's Trend Analysis

From the current market perspective, the daily K-line has a highest point of 2693 and a lowest point of 2543, and the short-term Auntie has reached near the double top resistance level. Bitcoin has taken away most of the market share, so Auntie's share is getting smaller, which is also one of the key reasons why Bitcoin's rise is making it difficult for Auntie to gain traction.

The four-hour level has reached the top of an M-shaped pattern, forming a double top, with MACD continuously expanding. The four-hour level is fluctuating around the upper Bollinger Band resistance level of 2670. The middle track support to watch is 2550; if it breaks, we can continue to look down at the lower track support of 2440, and wait for a dip before going long.

Operational Suggestions

Auntie: Short in the range of 2700-2750, target looking down at 2650-2600, if it breaks, look at 2550 $ETH