Embrace cryptocurrency, go with the trend, hello everyone, I am Thirteen Ether. The Bitcoin and Ethereum short positions and take-profit points I provided yesterday, I believe everyone has already reaped abundant gains, right? Now let's look at today's market analysis and trading suggestions.



From the 8-hour timeframe, Ether has already broken below the middle band, continuously running along the lower band, and the Bollinger Bands are opening downward, indicating that the bearish force is still dominant. The downtrend has not ended, so do not blindly bottom fish. On the 4-hour chart, after the price broke below the lower band, the KDJ three-line crossed upward in the oversold area, indicating a short-term rebound correction is needed. This is also why the price rebounded slightly from the low of 2076. However, the Bollinger Bands are generally trending downward, with the middle band continuously moving lower, showing that the bears are in control. The complete downward channel suggests that the short-term resistance zone is between 2160 and 2180. Therefore, our trading strategy still recommends mainly short positions.

It is suggested to enter short positions around 2140-2160, with targets at 2090-2070, and if broken, look for a further decline to around 2050-2040. If not broken, reverse to long.

From the 8-hour K-line chart, we first determine the main trading direction today. The price is running close to the lower band, and the Bollinger Bands are turning downward. Although the KDJ three-line shows signs of turning at low levels, no clear reversal signal has formed, and the MACD green bars are continuously enlarging, indicating that the bulls are powerless to resist and the downward momentum is still being released. The short-term resistance above is near 77,800, with the second strong resistance at the 79,000 integer level. On the 1-hour chart, the Bollinger Bands have flattened, the KDJ three-line is above 50, approaching the overbought zone, and the MACD has a golden cross below the zero line, with no volume increase in the red bars, indicating that the short-term rebound has entered the late stage with limited sustainability.

Suggestion: Enter short positions around 77,300-77,800, with targets at 76,300-76,000. If broken, look for a further decline to around 75,700-75,000. If not broken, reverse to long. #特朗普推迟打击伊朗

Market conditions change rapidly; strategies are for reference only. Use stop-loss and take-profit orders properly.
ETH-0.5%
BTC-0.24%
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What price will Bitcoin hit in May?
↓ 75,000
1.27x
79%
↓ 70,000
4.35x
23%
$1.89M Vol+18 more
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