Hello everyone, today I would like to share the recent market dynamics of Bitcoin and Ethereum. The market has been highly volatile lately, with technical signals clearly leaning towards bearish sentiment. Investors need to remain vigilant and position themselves wisely. Below, I will analyze these two major cryptocurrencies separately to help everyone seize trading opportunities.

Bitcoin:

Yesterday was May 19th, a day historically associated with the '519 Kill R' event, making market sentiment quite sensitive. Recently, Bitcoin has once again experienced a significant decline, profiting greatly from short positions at the 107,000 level, with a target set at 104,500. Although it did not drop to the lowest point, profits have been taken overall.

From a technical perspective, the top of Bitcoin is gradually taking shape; the daily chart has not yet closed, but the 6-hour and 4-hour signals indicate that a short-term top structure is clear. Key support levels are at 101,300 and 100,700, with the strongest support below at 99,100. The current market is still in a phase of consolidation and adjustment, suggesting a focus on short positions and waiting for the rebound to end before re-entering short.

Ethereum:

In the early hours of yesterday, Ethereum showed a false breakout when it broke the trend line, indicating that a top may have formed. Against the backdrop of Bitcoin's high-level volatility, Ethereum also once again exhibited 'its nature', quickly turning bearish after a rebound.

Technically, the 4-hour fast and slow lines have repeatedly failed to converge, forming a divergence, indicating a significant increase in the probability of a bearish pullback. The current price is in the range of 2540-2580 for short positions, with a stop loss set at 2620 and a target price at 2480-2430. If the price breaks below 2420, it can be held, with the target further lowered to around 2350.

At the same time, the Bollinger Bands are clearly closing, with a death cross forming, and market extreme signals are about to emerge. It is advised that investors exercise caution when chasing longs at high levels and wait for clear reversal signals before re-entering the market.

Conclusion

Overall, both Bitcoin and Ethereum lean towards bearish adjustments in the short term, and the trading strategy should focus on short positions with strict risk control. The market is unpredictable, so it is recommended to remain patient, position wisely, and guard against risks from sudden market movements. If you need real-time trading advice or more detailed market analysis, I am always here to support you! #行情分析僅供參考