Tuesday afternoon Bitcoin and Ethereum market analysis and trading suggestions

Looking back at the bearish outlook given at noon, we previously anticipated that Bitcoin would
Stepping back to around 109100, the real trend has stepped back in place as scheduled, and the short orders of the layout have successfully achieved two consecutive wins, and the short idea has basically been verified. As Lao Tian reminded in the intraday, the currency price is likely to fluctuate in the range, and the current pie basically fluctuates in the range of 109,000 to 109,800. In a volatile market, grasping short-term opportunities is also an effective way to accumulate, and the difference with band operation is mainly in frequency.

From a technical point of view, the bearish trend dominates in the short term, and the four-hour level line shows that the currency price has come out of the downward trend after being under pressure, and the bearish trend is clear. Although the appearance of a small shadow line shows that the bulls and bears are still seesawing, the RSI indicator is located in the overbought area near 70, and the MACD is positive but the momentum continues to weaken, which suggests that the upward momentum is insufficient and the adjustment pressure still exists. The one-hour level line has entered a yin-yang staggered consolidation after a unilateral downward trend, and the current Bollinger bands have narrowed and flattened, indicating that the market volatility space may be limited in the future. The currency price is currently running near the upper band of the range, facing technical resistance. At present, the afternoon idea is dominated by bears and the upward momentum is attenuated, and the strategy is still dominated by high-altitude. Radicals can take a light position to catch a short-term rebound, be sure to take a light position and strictly stop loss, and those who are stable can patiently wait for the high level to lay out short orders.

Operation Recommendations:
Bitcoin 109800-110300 range consolidation, target 108500.
Aunt Tai 2700-2730 range, target 2600.
#5月CPI 数据将公布 #科技巨头布局稳定币 #现货比特币ETF持仓破110万枚