Yue Ying: 5.17-18 Bitcoin and Ethereum Market Analysis Today, Can the Midline Breakout Bulls Fight Back?附 Current Price Strategies

I am Zhou Yue Ying. Friends who like articles, please follow me and see today's sharing!

Bitcoin Technical Analysis——

Bitcoin daily chart shows that the previous two consecutive downward candles broke below the midline with a false break of 78,000. The market opened slightly oscillating at a low level. The Bollinger Bands are narrowing, and the short-term moving averages are turning downward. The MACD fast and slow lines are moving downward with increasing volume bars. The KDJ is extending downward, watch for support near the 0 value. The VR indicator is consolidating around 150. On the four-hour chart, the market is supported at the lower band and oscillates upward. It is currently trading above the 7-day moving average. The Bollinger Bands are opening downward, and the short-term moving averages are slightly turning upward. The MACD fast and slow lines are turning upward with decreasing volume bars. The KDJ is crossing upward, watch for resistance near the 50 value. The VR indicator is consolidating around the 50 value. Overall, after the decline on Friday, the market broke the daily midline, and on Saturday, it continued its movement. Currently, the decline has paused, and the market is oscillating within a small range. From the candlestick pattern, although the retracement broke the trendline and the daily midline, the larger support level is around 75,000. As long as this strong support is not broken, the large-cycle bullish pattern remains intact. Otherwise, it indicates a stage top trend, with deeper retracement expected. In the short term, it is still possible to rely on the current lows to attempt rebounds toward the daily midline and the 7-day moving average for short-term resistance. Short-term suggestions:

Bitcoin Short-term Strategy: Current price at 78,150, targeting around 80,000 (activate strategy with profit, adjust as you see fit)

Ethereum Technical Analysis——

Ethereum four-hour chart shows that the market follows Bitcoin’s small-range oscillation upward, currently above the 7-day moving average. The overall technical trend can be referenced accordingly. Short-term resistance is around 2,300, and support is around 2,100. Short-term suggestions:

Ethereum Short-term Strategy: Current price at 2,190, targeting 2,280 (activate strategy with profit, adjust as you see fit)

— I am Zhou Yue Ying, a teacher focused on technical analysis. If anyone has questions about operations or trends, you can communicate and learn with me! Let’s share and profit together!$BTC #Gate广场五月交易分享