Li Shengting: 5.20 Ethereum/Bitcoin Afternoon Market Analysis and Trading Ideas

Ethereum saw a surge in bearish volume yesterday, while the main K line closed with a long lower shadow, with the lowest point touching around 2300, but it did not actually break down. Instead, the price has been on a volatile upward trend since this morning. From the daily technical indicators, the KDJ indicator has returned to a high volatile state, while the MACD indicator is slowly increasing in bullish volume. The MA10 and MA30 moving averages continue to strengthen. Additionally, Ethereum is currently showing a green TD3 bullish volume pattern, and from the TD technical indicators, the gap between the price and the MA5 moving average has basically completed its technical repair.

From the 4-hour technical indicators, the KDJ indicator is slowly increasing in bullish volume, and the MACD indicators DIF and DEA are showing a bottom cross upward. The price in the BOLL indicator has returned to above the MA5 moving average, while the low point MA30 moving average continues to strengthen. Overall, from both the daily and short-term perspectives, I believe that the price is likely to continue fluctuating upward today.

Ethereum: Long positions around 2530-2500 Stop loss: 2453 Target: 2600-2640

Bitcoin: Long positions around 104500-103700 Stop loss: 102600 Target: 106000-106800

The above is my personal afternoon market analysis, for reference only.