Analyst Liang Qiu: 5.18 BTC ETH Evening Market Analysis

BTC ETH surged again in the evening, reaching a high of 104850 and around 2550. The overall trend is strong, and there is still momentum to continue rising on the four-hour level. Pay attention to the resistance at 106000 and 2580 above. On the daily chart, BTC is facing recent high point resistance again; if it doesn't break, it will rise and then fall back. If the market breaks through again, the trend will change to a one-sided movement after oscillation. Currently, the daily moving average indicators do not show a clear upward turn, and the upward momentum has not changed significantly. There is no need to chase the rise in the current market.
BTC ETH K-line patterns have recently fluctuated near 104000 and 2500, forming a relatively obvious oscillation range. A long bullish candle has appeared on the daily chart, indicating strong buying power. In the technical indicators for the 4-hour cycle, the MACD histogram has turned from negative to positive, indicating an increase in bullish strength in the short term. The daily MACD is still at a low level but shows an upward trend; however, it will not be treated as a breakout until it breaks upward.
Evening operation advice BTC: 105000 to 105500 range, target near 103000; ETH: 2550 to 2570 range, target near 2470.
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