Yueying: 5.18 Bitcoin and Ethereum Today's Market Analysis Bitcoin Short Position Realized Trend Change Approaches Continue to Rebound Short
In the previous text, Bitcoin 104300 short created a space of about 1700 dollars.
Bitcoin Technical Analysis————
From the daily chart, Bitcoin continues to maintain high-level fluctuations. Currently, the market is testing the 7-day moving average again, the Bollinger Bands are moving upwards, short-term moving averages are also rising, the MACD fast and slow lines are crossing downwards at a high level, the volume bars are expanding, and the KDJ is crossing downwards. The VR indicator is consolidating around the value of 160. On the 4-hour chart, the market maintains a range of fluctuations within the Bollinger Bands, which are in a contracted and flat state, with the short-term moving averages running around the mid-band. The MACD fast and slow lines are approaching the 0-axis with signs of a turn, and the volume bars are decreasing. The KDJ is crossing upwards, and the VR indicator is consolidating around the value of 80. Overall, the market continues to fluctuate, and indicators show that it is close to a trend change node. In the short term, the focus remains on rebounding short positions around the upper resistance, and breaking the range node is getting closer. Be cautious in the short term and refer to the above ideas first; after the trend change, reassess the new structure. Short-term suggestions to watch.
Bitcoin Short-term: 104300 short (105200 short) (Strategy activation has space to grasp yourself)
Ethereum Technical Analysis————
From the daily chart, Ethereum has been continuously declining and has broken the 7-day moving average. The 4-hour chart has formed the expected right shoulder pattern, still mainly maintaining a rebound short in the short term, and pay attention to the support situation around 2400. Short-term suggestions to watch.
Ethereum Short-term: 2538 short (2625 short) (Strategy activation has space to grasp yourself)
——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn with me! See you next time.
