Bitcoin/Ethereum Evening Retracement Long Position Reconfirmed

Analyst Liang Qiu: 5.25 Bitcoin/Ethereum Evening Market Analysis and Trading Strategy

Since the rapid decline of Bitcoin/Ethereum last Friday, the weekend has basically shown a narrow fluctuation pattern, with overall bullish and bearish continuities not being strong. This form is also a market repair after a short-term rapid rise. As long as the lower support is not broken, the market will continue to accumulate strength for a rise. In fact, these two days have repeatedly emphasized attention to the lower support levels of 106000 and 2450. Currently, after breaking the high point at the daily level, it has been in a high-level fluctuation and consolidation for several days. The four-hour level shows signs of stabilizing after a retest of the bottom, and the Bollinger Bands are gradually narrowing, indicating further stabilization in the market.

In terms of the K-line pattern for Bitcoin/Ethereum, recent K-lines show prices fluctuating at high levels, with significant volatility. The daily chart shows long upper and lower shadows, indicating intense competition between bulls and bears in the market. In terms of technical indicators, the MACD in the 4-hour cycle is in the negative zone but shows signs of gradual convergence, which may indicate a rebound or adjustment in the short term. However, the market has repeatedly tested the lower support, and the support position has been a critical accumulation point for the rise during this period, showing a certain trend of top-bottom conversion, and relying on support, a gradual bullish outlook can be expected.

Evening Trading Suggestions: BTC: Enter long near 106500 to 107000, target around 109500; ETH: Enter long near 2480 to 2500, target around 2570.

【The above analysis and strategies are for reference only, please bear the risks; the article review and publication may not be timely, please refer to real-time data】 #MichaelSaylor暗示增持BTC