Li Mingyang 5.20 Early Morning Technical Analysis and Position Execution Sheet

BTC Overall Structure: The morning surge to 77,370 was quickly followed by a pullback. Currently, it is consolidating in a high-range box between 76,350 and 77,370, which is a phase of energy repair after the surge. Both bulls and bears are temporarily balanced, with no clear directional trend.

The previous high of 77,370 forms a strong resistance. Multiple attempts to break through have failed, weakening the bullish momentum. Support is clearly seen in the 76,350-76,105 range, with pullbacks stopping near this area. The current candlestick is near the middle of the box, with no obvious breakout signals, indicating a typical consolidation pattern.

ETH Overall Structure: Its movement is highly synchronized with BTC. After rising to 2,146, it pulled back and is now oscillating between 2,090 and 2,146, with smaller fluctuations than BTC, showing no independent trend and following the overall market rhythm.

The previous high of 2,146 is a strong resistance level, with insufficient upward momentum. The support zone below 2,090-2,076 is clearly defined, with obvious signs of stopping the decline. The overall phase is a high-level correction, and the direction will depend on BTC breaking out and leading the move.

BTC
Long Position: Enter on pullback to 76,700-76,800, stop loss at 76,350, target 77,100 → 77,370
Short Position: Enter on rebound at 77,100-77,200, stop loss at 77,400, target 76,700 → 76,350

ETH
Long Position: Enter on pullback to 2,110-2,115, stop loss at 2,090, target 2,132 → 2,146
Short Position: Enter on rebound at 2,132-2,140, stop loss at 2,150, target 2,111 → 2,090

1. Currently, both BTC and ETH are in high-level consolidation phases with unclear directions. It is recommended to mainly trade within the range by buying low and selling high, avoiding heavy positions on directional bets.
2. Support and resistance levels for both assets are key in the short term. Once the price breaks above or below the range, strict stop-losses must be used to exit to prevent losses from trend-driven moves.
3. ETH is more follow-oriented; trading should primarily reference BTC’s trend. ETH should only be traded in sync, without independent judgment.
4. Short-term trading positions should be controlled within 15%, as the volatile range increases the risk of stop-loss hits. Light positions are more prudent for correction and testing.

⚠ The above analysis is solely personal opinion and does not constitute any investment advice. The market carries risks; trading should be cautious. $BTC ‌#TradFi交易分享挑战