May 18 Evening Analysis (Yifan New Account, Old Fans Please Close Quickly)


Short-term moving averages are flat, with the 30-period moving average clearly acting as resistance, and the bullish rebound momentum is insufficient.

MACD: The two lines remain below the zero axis in a bearish pattern, with the red histogram slightly expanding, showing only weak rebound energy, and no reversal signals.
 Future Market Outlook and Trading Strategy
Trend: The 1-hour cycle shows a complete bearish structure, the downward trend has not changed, and rebounds are mostly weak corrections.

- Support levels: 76200-76500, if broken, the decline will continue

- Resistance level: 78500, Yifan's personal suggestion: Rebound near 77800-78500 with a light Cang Kong target of 76800-76000#BTC #ETH #BTC走势分析
BTC-2.07%
ETH-3.89%
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