Li Mingyang's Midday Market Analysis on 5.20

The current market short-term moving averages are generally trending upward, with prices staying above the moving averages, indicating a short-term rebound trend. The MACD is in a bullish crossover upward, with bullish momentum gradually recovering, and the bearish strength continues to weaken. The RSI has moved out of the oversold zone, remaining in a neutral to slightly strong position, with no signs of overbought conditions, leaving room for short-term fluctuations. Overall trading volume is gradually increasing, with a steady rebound pace, no extreme bullish or bearish trend, and the market is in a range-bound rebound pattern.

BTC
Pullback Entry: 77,000-77,100
Stop Loss: Below 76,700
First Target: 77,800
Second Target: 78,000

Resistance Entry: 77,800-78,000
Stop Loss: Above 78,200
First Target: 77,000
Second Target: 76,700

ETH
Pullback Entry: 2,120-2,125
Stop Loss: Below 2,110
First Target: 2,160
Second Target: 2,170

Resistance Entry: 2,160-2,170
Stop Loss: Above 2,190
First Target: 2,120
Second Target: 2,100

Currently, the market is experiencing a low-level correction rebound, not a strong unilateral rise, with significant resistance overhead. Trading should mainly follow the trend with low leverage long positions; high-leverage short positions are only suitable for light testing at high levels. Heavy positions against the trend are strictly prohibited. Due to rapid market fluctuations, strict stop-loss and position control are necessary. Trade rationally and participate cautiously.

⚠️ For technical reference only, not investment advice $BTC