Li Shengting: 5.18 Ethereum/Bitcoin Midday Market Analysis and Trading Ideas
From the daily technical indicators of Ethereum, the KDJ and MACD indicators show a slight reduction in bullish momentum. Currently, Ethereum is still in an adjustment phase on the daily chart, with the MA5 moving average continually pressing down, while the upward trend of the MA10 moving average is showing clear signs of weakening. Moreover, the price of Ethereum has fallen below the MA10 moving average, indicating that Ethereum is still undergoing a fluctuating downward adjustment.
From the 4-hour technical indicators, the KDJ and MACD indicators exhibit a dead cross resonance decline, and the BOLL indicator has fallen to the middle track area, with the entire track currently in a convergence state. From a short-term perspective, both the MA5 and MA10 moving averages are in a slight downward trend, and currently, the short-term price is below the MA5 and MA10 moving averages. Therefore, I personally believe that the price is likely to continue to decline today.
Ethereum: Short sell around 2500-2530 Stop loss: 2593 Target: 2450-2400
Bitcoin: Short sell around 103500-104200 Stop loss: 105800 Target: 102000#稳定币日常支付 #币安Alpha上新 #CPI数据来袭 $ETH
The above is my personal midday market analysis, for reference only