May 15th ETH enters a consolidation phase. Beware of significant corrections in altcoins.
Yesterday's Review
BTC: Yesterday's low was 102536, high was 104319, with a fluctuation of 1783, amplitude of 1.7%
ETH: Yesterday's low was 2445, high was 2724, with a fluctuation of 179, amplitude of 6.6%
Today's Analysis
BTC:
Bitcoin's current price is 102900, still in a high-level consolidation, with minor support at 102200 and strong support at 99000. Short-term resistance is at 103900, with an upward trend primarily focusing on low buys!
BTC Resistance: 103900
BTC Support: 102000
ETH:
Ethereum's current price is 2588, with 2560 serving as support for both the 30-minute 120-day moving average and the 4-hour Bollinger Band middle line. If it drops below 2560, it is likely to retest the bottom support position around 2430 in the major consolidation area.
ETH Resistance: 2640
ETH Support: 2560 2430
Article Summary
During the consolidation period, trading mainly in short-term bands by buying low and selling high is advisable, as the intermediate fluctuation range for mainstream altcoins is around 10-20%! If you hold a lot of low-cap altcoins, it is recommended to switch to mainstream ones to avoid losses from this round of corrections.
