5.12, Tuesday, PancakeSwap Ethereum midday analysis!

From the one-hour technical structure chart, the price channel is oscillating downward and breaking below, with signs of the lower channel opening up. However, due to slow momentum, the pullback is also accompanied by correction. The volume of bulls and bears is switching frequently, and the oscillating downward pattern is already clear. For the short-term strategy, we remain cautious and consider shorting on rebounds.
From the four-hour technical structure chart, the overall trend is still a oscillating downward trend. A wave of ladder-like decline has been constructed in the short term, and it has now dropped directly from the midline to the lower band. Currently, no signs of a bottoming pattern are seen. Although it has encountered support, in this slow decline market, if support does not lead to a quick rebound, it indicates that this support level is not very strong. Therefore, the idea of shorting on rebounds remains valid!
Bitcoin personal trading suggestion: Short around 81,500, target 80,500-80,000. Continue downward if broken!
Ethereum personal trading suggestion: Short around 2,320, target 2,300-2,270#Gate广场五月交易分享 #TROLL两日涨超160% $BTC $ETH