Coin Circle Li Ying: On May 23, the historical high of Bitcoin brings new opportunities! Ethereum's top distribution pattern triggers the nuclear button! Latest market analysis
Coin Circle Li Ying: Latest market analysis of Bitcoin on May 23
Article published on 2025.5.23----0:10
Current price of Bitcoin is 111300. This historical breakthrough has little to do with most people; why look at the order book? Yesterday, Li Ying entered the market at 106000, which can be considered the last entry point for this wave. Bitcoin has remained high around 110000, with a strong upward trend driven by positive news. K-line analysis shows the market is in a bullish alignment, but some reversal signals and top patterns have appeared, such as hammer lines, bottom distribution, top distribution, and doji stars. This reminds us to be cautious of potential upward resistance in the market, so Li Ying advises maintaining caution. If you are in profit, you may consider taking profits to lock in gains. Additional positions can only be considered once the price confirms a breakthrough of the previous high, and if a pullback occurs, watch for support at 93000, which may be a good entry point.
Today's reference points:
Long entry point 105500, stop loss 104500, stop loss 500 points, target 109000
Short entry point 112000, stop loss 112500, stop loss 500 points, target 108000
Latest market analysis of Ethereum
Before publication, the current price of Ethereum is 2670. Li Ying found that the large-scale trend is still upward, but a short-term top distribution pattern suggests there may be pullback risks, so Li Ying advises caution in bullish sentiment. It is advisable to maintain a wait-and-see attitude before breaking through the strong resistance level of 2738. If the price falls below the support level of 2640, you should consider reducing positions or adopting a short strategy. If the price effectively breaks through the current resistance, consider moderately increasing long positions. The K-line showed a clear upward trend at the beginning of May, and the doji star and bottom distribution may indicate a rebound opportunity, while the top distribution suggests pullback risks.
Short-term strategy reference:
Long entry point 2550, stop loss 2500, stop loss 30 points, target 2650
Short entry point 2730, stop loss 2760, stop loss 30 points, target 2500
The above is Li Ying's brief analysis of the current market situation for investors' reference.
The content of the article is time-sensitive and for reference only; risks are borne by yourself $BTC