5.11, Monday, Bitcoin and Ethereum midday analysis!

From a short-term rhythm perspective, the operating channel is opening downward to release space, the price has dipped to find support, and signs of recovery have already appeared. The bearish momentum is decreasing, with volume diminishing and aligning, and moving averages releasing downward before turning upward. Currently, the market is beginning to warm up again.
On the four-hour chart, the price did not rise after reaching a high point but instead moved lower. It is now testing lower support levels, and the channel is narrowing again. The bullish and bearish volumes are switching frequently, and volatility is once again decreasing. The small cycle remains unchanged, with short-term oscillation downward and recovery. The downward move is not continuing, so our upcoming strategy is mainly to go long on dips.
Bitcoin personal trading suggestion: go long around 80,500, targeting 81,500-82,500. #Gate广场五月交易分享 #比特币波动 $BTC $ETH