Li Shengting: 5.22 Ethereum/Bitcoin Afternoon Market Analysis and Trading Ideas
Ethereum's price adjusted again early this morning, touching a low near 2450, followed by a small upward oscillation. From the daily technical indicators, the KDJ indicator is in a high oscillation phase, and the MACD indicator shows a slight reduction in bullish volume. Meanwhile, the MA5 daily moving average continues to press downward. Although the BOLL indicator is once again operating near the middle track, it has not correlated with the bulls to increase volume and shows signs of contraction. Additionally, Ethereum's price touched approximately 2647 without any substantial breakthrough. From the daily technical indicators, there is strong selling pressure above, so it is not recommended to chase highs during the day; it is suggested to primarily short on rebounds.
From the 4-hour technical indicators, although the KDJ and MACD indicators are in an oscillating upward phase, the BOLL indicator shows signs of contraction. The ultra-short-term MA5 and MA10 moving averages continue to weaken, and the DIF and DEA indicators are also pressing downward. Currently, Ethereum has formed a red TD3 downward signal in the short term, which may lead to a certain technical delay. Considering both the daily and short-term indicators, I personally believe there will be a technical pullback in the evening.
Ethereum: Short near 2630-2660 Stop Loss: 2703 Target: 2580-2550
Bitcoin: Short near 110900-111600 Stop Loss: 112500 Target: 110000-108000
The above is my personal afternoon market analysis; specific points are subject to real-time guidance #比特币突破11万美元 #BTC再创新高 $ETH