Yueying: 5.19 Bitcoin Ethereum Today's Market Analysis Short Positions Win Big Replaying 519?
I am Zhou Yueying, and let's look at today's share!
After several days of bearishness, short positions win big!
Bitcoin Technical Analysis————
Bitcoin daily chart shows a previous candlestick closing bullish, the market opened again and briefly broke the previous high before plunging, bringing the market back below the 7-day moving average. The Bollinger Bands are moving upwards, and the short-term moving averages continue to maintain an upward trend. The MACD fast and slow lines intersect downwards with increasing volume, and the KDJ is moving downwards with the VR indicator consolidating around the value of 160. The 4-hour chart shows alternating bullish and bearish candlesticks, a typical washout market structure. The market has broken below the middle band and moving average support, the Bollinger Bands are narrowing and flattening, while the short-term moving averages continue to fluctuate around the middle band. The MACD fast and slow lines have turned downwards with the volume turning green and increasing, and the KDJ is crossing downwards with the VR indicator consolidating around the value of 80. Overall, although the market has reached a new high, there is significant suspicion of a false breakout, and the short-term strategy continues to focus on rebound shorts, with key support to watch below around the daily middle band. Short-term view recommended.
Bitcoin Short-term: 105200 short (strategy activated, space to grasp on your own)
Ethereum Technical Analysis————
Ethereum has broken below the support at 2400, and the technical aspects are linked to Bitcoin as a reference. If it cannot break through key resistance during the European trading session, it is likely to continue in the US session, so the short-term strategy continues to maintain rebound shorts as the main focus. Short-term view recommended.
Ethereum Short-term: 2458 short (2550 short) (strategy activated, space to grasp on your own)
—— I am Zhou Yueying, a teacher focused on technical analysis. Any friends with questions about operations or trends can communicate and learn together with me! See you next time.
