Li Shengting 5.13 Ethereum Early Morning Market Analysis and Trading Thoughts
Today at noon, Ethereum/Bitcoin surged to around 2620/105800 due to the impact of the China-U.S.-Japan economic and trade talks, and then retraced. From the daily technical indicators of Ethereum, although the KDJ and MACD indicators are trending upwards, the recent strong rally has caused the MA5 moving average to break and create a technical gap with the price. Personally, I believe that this gap will undergo a technical retracement adjustment in the early morning and tomorrow morning, so the trading thoughts in the early morning are not significantly different from the analysis provided during the day; one can seize a short opportunity.
From the 4-hour technical indicators, the KDJ indicator shows signs of contraction, the MACD indicator is crossing upwards, and the BOLL indicator is operating in the middle track area. Meanwhile, the strong resistance remains around the 2620-2710 area, and the significant gap appearing in the daily chart of Ethereum has prevented it from stabilizing above the resistance level. Therefore, it will likely move south, and the daily technical gap for Ethereum can refer to the area around 2250-2124.
The above is my personal early morning market analysis, for your reference only #Strategy增持比特币 #贸易战缓和 $BTC