Embrace cryptocurrency, go with the trend, hello everyone, I am Thirteen Ethereum. Yesterday, I provided short positions near Ethereum 2140 and Bitcoin 77,300, with targets around 2090 and 76,300 respectively. I believe everyone has gained a lot. Now, let's look at today's market analysis and trading suggestions.



From the long-term cycle, the bearish trend is already determined. Ethereum has been plunging from around 2464, breaking through the middle band of the eight-hour Bollinger Bands, causing the gap to continue widening downward, forming a typical downward channel pattern. The four-hour chart also shows a clear trend, with the price being firmly pressed down by the middle band, driving the lower band downward. Although the MACD green bars are shrinking, indicating a possible divergence, the fast and slow lines have not turned upward and broken through the zero line. Therefore, until the market breaks out with increased volume, all upward movements can only be considered weak rebounds, not a trend reversal.

Recommend short positions around 2130-2150, targeting 2090-2070, and if broken, look for 2050-2040. If not broken, reverse to long.

From the Bitcoin long-term cycle, the bearish trend is also quite clear. Currently, the price is trading between the middle and lower bands of the Bollinger Bands, with the gap opening downward and no signs of reversal. The four-hour KDJ has just turned upward to form an initial golden cross, with the bullish red bars weakly releasing, but the fast and slow lines are still below the zero line, indicating a downward channel with weak recovery. Therefore, in terms of operation, we should follow the trend and go short at high points. The four-hour Bollinger Band middle line at 77,200 to 77,700 is an excellent entry point for short positions.

Recommend short positions around 77,200-77,700, targeting 76,300-76,000, and if broken, look for 75,700-75,000.

Market changes rapidly; strategies are for reference only. Use stop-loss and take-profit orders properly. #特朗普推迟打击伊朗
ETH1.18%
BTC1.01%
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Bitcoin above ___ on May 20?
80,000
No
78,000
No
$2.22M Vol+9 more
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