Friday, May 15th Midday Market Analysis.


Overall, the two-coins are showing a weak trend, even though there was a brief surge above 2300, which was just a short-term rally to lure more buyers.
After the surge, prices quickly fell back, forming a double top pattern with previous highs.
Currently, they are falling back into the flag pattern and oscillating within it.
As long as the support zone of 2250–2233 holds, there is no major short-term risk;
once this support is broken, the 2200 level is likely to be tested.
The high-level rebound pattern of the two-coins is very typical,
they have yet to stabilize above the flag's upper boundary for a breakout to strengthen,
and the subsequent trend is likely to continue oscillating downward.

BTC trading advice: Short at 81,000–81,500, add positions at 82,000,
stop loss above 82,500, take profit at 80,200–79,000.

ETH trading advice: Short around 2,280, add positions at 2,310,
stop loss at 2,350, take profit at 2,260–2,200.
BTC1.12%
ETH-0.33%
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