Analyst Liang Qiu: 5.18 Bitcoin Auntie Evening Market Analysis

Bitcoin Auntie once again surged in the evening, reaching a high of 104850 and around 2550. The overall trend is strong, and there is still momentum to continue to rise on the four-hour level. Focus on the resistance levels of 106000 and 2580 above. On the daily chart, Bitcoin faces recent high point resistance again; if it doesn’t break, it will rise and then fall back. Once the market breaks upward again, the trend will change to a single direction after oscillation. Currently, on the daily moving average indicators, there is no obvious upward turn; the upward momentum has not significantly changed, and there is no need to chase the rise in the market.

In terms of K-line patterns, the recent price has fluctuated around 104000 and 2500, forming a relatively obvious oscillation range. A long bullish candle appeared on the daily level, indicating strong buying power. On the technical indicators in the 4-hour cycle, the MACD histogram has turned positive from negative, indicating a strengthening of bullish momentum in the short term. The daily MACD is still at a low level but shows an upward trend; however, no break is processed until it breaks upward.

Evening Trading Suggestions: BTC: Range 105000 to 105500, target around 103000; ETH: Range 2550 to 2570, target around 2470.

The information is time-sensitive; please refer to real-time data. #MichaelSaylor暗示增持BTC