On May 15th, Erbing's morning analysis (Yifan's new account, old followers please quickly follow)


The 4-hour cycle market has stabilized after bottoming near the lower Bollinger Band at 2226, initiating a phased rebound, with the current price rising back to the middle Bollinger Band at 2304. The short-term EMA15 and EMA30 moving averages form a golden cross, providing strong support for the market, and a bullish pattern is initially taking shape.
The MACD indicator also shows a golden cross structure, with the bullish red bars continuing to expand, while the downward momentum of the bears gradually diminishes, and the market's rebound energy steadily increases. The key resistance above is the upper Bollinger Band at 2346, and strong support below is around 2250.
If the price cannot effectively break through the upper band resistance in the short term, there is still a risk of a second pullback; it is crucial to take profits and exit quickly when the price rises. If a strong breakout occurs and the resistance level is stabilized, long positions can be held for further gains.
Yifan personally suggests a low buy on dips around 2270-2230, with a stop loss below 2220, and targets around 2320-2350.
BTC2.44%
ETH1.13%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned