Li Shengting: 5.22 Ethereum/Bitcoin Early Morning Market Analysis and Trading Ideas
This evening, Ethereum has once again fluctuated upwards, and the long positions we suggested for Ethereum have reached our entry point around 2540, currently with a small profit. From the daily technical indicators, the KDJ indicator shows a slight upward turn, the BOLL indicator is in a stage of fluctuating upward movement, and trading volume is gradually increasing. The MA5 moving average and the MA10 moving average are both applying pressure, while the MA30 moving average continues to strengthen. Currently, the buying orders and chips at the bottom are sufficiently strong.
From the 4-hour technical indicators, the KDJ indicator is turning upward, the MACD indicator shows a slight increase in bullish volume in the short term, and the BOLL indicator shows that the price is back near the middle line, currently slightly rising. In the short term, the MA30 moving average is again strongly applying pressure, and the price of Ethereum has returned above the MA5 and MA10 moving averages. At present, both the daily and short-term bullish trends occupy a certain market dominance, so during the early morning and morning hours, the trading idea suggests focusing on buying on dips.
Ethereum: Long positions around 2540-2520, Stop Loss: 2457, Target: 2620-2660
Bitcoin: Long positions around 108000-107200, Stop Loss: 106200, Target: 110000
The above is my personal analysis of the early morning market, and specific points are subject to real-time guidance #BTC挑战11万大关 #币安Alpha上新 $ETH