Li Shengting's Ethereum Market Analysis and Trading Strategy on May 12th
From the daily technical indicators for Ethereum, both the KDJ and MACD indicators overall maintain an upward posture, although the BOLL indicator shows significant signs of weakening compared to yesterday's opening. The MA three-day moving averages are all in a bullish arrangement, but currently, there is a significant gap between Ethereum and the 5-day moving average. From the daily technical indicators, I personally believe that Ethereum will undergo a technical pullback in the evening.
From the 4-hour technical indicators, the upward momentum of the 5-day moving average has noticeably weakened. At the same time, the KDJ and MACD bullish indicators are continuously shrinking in volume, and the BOLL indicator has not correlated with bullish movements for sustained volume. Additionally, today, Ethereum quickly retracted after spiking to the 2610 level, indicating that there is some selling pressure above. In terms of intraday trends, I personally believe that there is a high probability of continuing to pull back in the evening.
Short position in the range of 2490-2420 for Ethereum with a stop-loss at 2468 and a target of 2440-2420.
Short position in the range of 104000-104500 for Bitcoin with a stop-loss at 105500 and a target of 103000-101500.
The above is my personal market analysis from the early morning, for reference only #ETH突破2500 #策略交易 $ETH