Analyst Liang Qiu: Attention on the rebound strength if the low points of 5.24 Bitcoin/Ethereum do not break

Bitcoin/Ethereum has once again entered a narrow fluctuation range after a rapid decline last night, with the lowest points reaching around 106700 and 2500, followed by a rebound. The short position we laid out last night has almost reached the targets of 107000 and 2500. Currently, after the market declines and enters a narrow fluctuation, we are watching for support at the low points of 106000 and 2480, which are the starting points of this round of rise. If this position does not break, the market will still go through a repeated consolidation process, while we are concerned about resistance at the high points of 112000 and 2740.

The K-line pattern of Bitcoin/Ethereum shows that the price has been fluctuating at a high level recently, forming multiple long upper and lower shadows, indicating significant uncertainty in the market. After a large fluctuation on the daily level, it is currently in a consolidation phase, but it has not broken the daily low support. In terms of technical indicators, the MACD on the 4-hour cycle shows negative values and is gradually decreasing, indicating that there may be a rebound demand in the short term, but overall it is still in an adjustment state. Focus on the rebound strength and maintain a primary focus on the lower low points for swing trading.

Trading suggestions: BTC: Enter around 107000 to 107600, target near 110000; ETH: Enter around 2520 to 2540, target near 2620.

【The above analysis and strategies are for reference only, please bear the risks yourself. The article's review and publication may lack timeliness, and the specifics are subject to real-time updates】 #美国加征关税