Market Analysis and Strategy for May 19
On Monday morning, the Bitcoin market quickly came under pressure after reaching a high of around 107,114, with the price dropping to a low of around 102,038 by noon. Ethereum followed a similar pattern, dropping from a morning high of around 2,513 to a low of around 2,351.
Based on the current market conditions, the four-hour chart shows the market has experienced two consecutive bearish days, with the price moving from the upper Bollinger Band to the lower Bollinger Band. Although the MACD indicator has entered negative territory, the fast and slow lines remain above the zero axis. Additionally, the support at the lower Bollinger Band is quite strong, preventing a sustained decline. From the one-hour perspective, the market shows a continuous bearish stance close to the lower Bollinger Band, and the bearish trend has begun to slow down. In the KDJ indicator, both the K and J values have entered the oversold zone, indicating a high probability of a rebound in the future. Therefore, this afternoon, we will focus on a low buy strategy after a pullback.
Buy Bitcoin around 102,500, take profit at 103,500.
Buy Ethereum around 2,400, take profit at 2,500. #比特币 #以太坊合约 $BTC