5.12 Market Analysis

Today's trading ideas: both long and short positions can be taken intraday, but watch out for retracement needs on higher timeframes. For stability, continue to hold short positions above 82,500; Ethereum shorts above 2,375, with proper stop-losses. The rest is up to the market; here is a brief analysis.

$BTC ‌

Bitcoin's trend is relatively firm, with three attempts to break above 82,800 that failed, and the highs gradually declining. Be alert for a triple top structure (not confirmed). Support at 80,415 has been tested four times without breaking, but the more tests and the weaker the rebound, the higher the probability of a breakdown; inside the triangle, there's a double top (neckline at 80,500). A break below 80,415 will likely break the neckline, signaling a correction.

Short-term core range: 81,631 - 80,415.

Break above 81,631, continue the rebound toward 82,800;

Break below 80,415, look for a correction toward 79,190;

Before breaking the range, maintain consolidation.

Short-term strategy:

Volume breakout above 81,325 → chase longs on the right side;

Volume breakdown below 80,510 with no rebound → chase shorts on the right side;

Strictly set stop-losses.

Target levels:

Hourly chart: hold above 81,325 to target 81,944 - 82,800;

4-hour chart: break below 80,400 to target 79,246 - 78,153.

Key levels:

Resistance: 81,325 - 81,944 - 82,800

Support: 80,528 - 79,507 - 78,378

$ETH ‌

Ideas:

Ethereum moves in tandem with Bitcoin, showing weak consolidation, key levels are clear.

Short-term strategy:

Volume breakout above 2,318 → chase longs on the right side, stop-loss on the breakout;

Volume breakdown below 2,302 → chase shorts on the right side, with stop-loss;

Confirm support at 2,265 on a pullback → light long positions, stop-loss at 2,229.

Target levels:

Hourly chart: hold above 2,318 to target 2,344 - 2,383;

Test 2,383 for a short entry, stop-loss above 2,423.

Left-side orders: long at 2,217, stop-loss below 2,160.

Key levels:

Resistance: 2,318 - 2,344 - 2,383

Support: 2,300 - 2,262 - 2,218
Risk reminder: Market volatility is high, strictly set stop-losses, operate with light positions. #伊朗拒绝美国和平方案