Li Shengting: 5.21 Ethereum/Bitcoin Early Morning Market Analysis and Trading Ideas
From the current short-term market perspective, Ethereum's price is in a large-scale box consolidation phase. From the daily technical indicators, the daily gap has been repaired, but the MA30-day moving average continues to decline, which also indicates that there is strong selling pressure above. The BOLL technical indicator is operating in the middle track area and is continuously strengthening, while the MA5-day and MA10-day moving averages are also consistently pressing downward.
From the 4-hour technical indicators, both the KDJ and MACD technical indicators are in a downward adjustment phase. The short-term BOLL technical indicator is operating in the middle track area and is continuously strengthening, while the low point MA30-day moving average is also continuously strengthening. Additionally, Ethereum's low point has not effectively broken below the bottom support. Therefore, the trading idea for early this morning suggests primarily looking to go long on retracements.
Ethereum 2470-2440 line, split orders to go long Stop loss: 2387 Target: 2550-2600
Bitcoin: 104000-103000 line, split orders to go long Stop loss: 101500 Target: 106000-107200
The above is my personal early morning market analysis, for everyone's reference #Strategy增持比特币 #美国加征关税 $BTC