May 19 Ethereum Morning Market Analysis $BTC $ETH



From the four-hour chart, the price has formed two consecutive bullish days, stabilizing and rising, completing a deep technical correction in the short term, with the selling pressure continuously shrinking and declining, while the buying momentum has significantly increased, and the short-term rebound upward trend is gradually strengthening.

Although the overall long-term cycle was in a downtrend earlier, after the recent bottom stabilization, buying funds have continued to enter, and the bottom formation is gradually taking shape. The bearish momentum has greatly weakened, and trend reversal signals are gradually appearing. Currently, the price is steadily rising supported by short-term moving averages, with solid support below. The bullish rebound continues, not a weak bounce during a decline, but a bullish start after bottoming out, with sufficient upward continuation.

Combining the switching of bullish and bearish momentum with the market structure trend, the current short-term advantage is clearly bullish. The core strategy is to follow the trend and go long, and do not be misled by the previous downward inertia. Stick to buying on dips.

Trading Suggestions
Buy long directly on the dip around 2100-2120, with a target near 2200-2280.
BTC-0.18%
ETH0.39%
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