5.19 Evening Bitcoin/Ethereum Market Analysis Strategy Bitcoin, from the daily chart perspective, after closing a large bullish candle yesterday, has currently given back all of yesterday's gains, with the price breaking below the daily MA5/10 moving averages. Pay attention to whether the price can regain above the MA5/10 moving averages. The 4-hour resistance level is the MA60 moving average at the 103500 line, which is also the resistance level for the MA256 moving average on the 1-hour chart.
Ethereum, from the daily perspective, closed with a red doji candle with upper and lower shadows yesterday. The price is currently running below the MA5/10 moving averages, with short-term support at the MA120 moving average at the 2240 line. The 4-hour level has currently broken below the MA60 moving average at 2500, and if it cannot return above this line, it may continue to retrace to the 2180 line.
Bitcoin: Short at 103300, add short on rebound at 104000, target around 101500
Ethereum: Short at 2430, add short on rebound at 2460, target 2360-2250
Analysis: BTC ETH
Don't go solo in cryptocurrency trading
The community is the most crucial part