Yue Ying: 5.16 Bitcoin and Ethereum Market Analysis Today, End-of-Week Pullback is a Smoke Screen Fake Drop? Latest Strategy Included



Bitcoin Technical Analysis ————

Bitcoin daily chart shows the previous candle closed bullish near the 82,000 moving average resistance, with a pin bar. Intraday, it opened and retraced downward to test the midline support. The Bollinger Bands are narrowing, and the short-term moving average is turning downward. The MACD fast and slow lines are heading down, with increasing volume bars. The KDJ is turning downward, extending near the 0 level, watch for support. The VR indicator is consolidating around 180. On the four-hour chart, the market shows continuous decline with support at the lower band, currently trading above it. The Bollinger Bands are opening downward, the short-term moving average is turning downward, MACD fast and slow lines are crossing downward at the 0 level with green volume bars. The KDJ is crossing downward, near the 0 level, watch for support. The VR indicator is consolidating around 100. Overall, the market surged then sharply dropped again, showing a rollercoaster pattern. Short-term support has not been effectively broken. Today is Friday; if there is no continued breakdown in the early hours, Saturday is expected to see narrow-range consolidation, focus on the 808-788 zone, and consider short-term strategies.

Bitcoin short-term suggestion: buy above 79,000, sell short below 80,500 (profit if strategy is activated, trade at your own risk)

Yitai Technical Analysis ————

Yitai follows Bitcoin’s downward trend, currently supported around 2,200 and rebounding. The daily and four-hour technical outlooks are aligned with Bitcoin’s, so refer to Bitcoin for guidance. Short-term support is around 2,180, resistance around 2,320. Short-term suggestion:

Yitai short-term suggestion: buy above 2,200, sell short below 2,300 (profit if strategy is activated, trade at your own risk)

——I am Zhou Yue Ying, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to communicate and learn together! Let’s share insights and profit together! #Gate广场五月交易分享 #比特币V型反转 $BTC
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