5.15 Thursday evening Bitcoin Ethereum market analysis and trading suggestions


From the technical pattern of the 4-hour chart, the current price is testing the lower Bollinger Band support level. There has not been a significant breakout accompanied by volume during the process of touching the lower band, indicating strong buying support in the market at this position, and the effectiveness of the lower Bollinger Band support has been preliminarily validated. Observing the short-term trend on the 1-hour chart, the price is also running along the lower Bollinger Band. Although it is still hovering near the lower band overall, the price lows are showing a gradual upward trend, forming a micro ascending channel. This structure of continuously rising lows suggests that the selling pressure in the market is gradually easing, and there are clear signs of exhaustion in bearish momentum, indicating a bullish rebound recovery in the evening.
Bitcoin: Buy around 102100, short-term target 104000
Ethereum: Buy around 2540, short-term target 2650
BTC0.04%
ETH0.14%
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