Li Mingyang 5.20 Evening Hourly Technical Analysis and Trend

Since 21:00 on May 19, a clear low rebound pattern has emerged, rising from around 2093/76111 to the stage high of 2139/77700, indicating a short-term strong upward move. Current state: after reaching the high, entering a high-level consolidation, with shorter candlestick bodies, intensified bulls and bears struggle, short-term upward momentum weakening, in a correction phase after the rally.

Upper resistance: ETH 2139, BTC 77700
Lower support: ETH 2120/2100, BTC 77200/76800

Long Position Plan
Entry reference: When the price pulls back to stabilize around 2128-2132, consider entering a small long position
Stop-loss reference: Set stop-loss below 2120; if broken, abandon the long idea
Take-profit reference: First target at 2145; if a strong breakout occurs, aim for around 2150 to exit

Short Position Plan
Entry reference: When the price tests resistance in the 2138-2142 range and shows signs of a pullback, consider entering a small short position
Stop-loss reference: Set stop-loss above 2148; if broken, abandon the short idea
Take-profit reference: First target at 2125; if weakness continues, exit around 2120

Long Position Plan (Second set)
Entry reference: When the price pulls back to stabilize around 77450-77500, consider entering a small long position
Stop-loss reference: Set stop-loss below 77300; if broken, abandon the long idea
Take-profit reference: First target at 77850; if a strong breakout occurs, aim for around 77900 to exit

Short Position Plan (Second set)
Entry reference: When the price tests resistance in the 77650-77700 range and shows signs of a pullback, consider entering a small short position
Stop-loss reference: Set stop-loss above 77850; if broken, abandon the short idea
Take-profit reference: First target at 77400; if weakness persists, exit around 77300

Currently, BTC and ETH hourly charts are in a high-level consolidation phase. The previous rebound momentum has not fully exhausted, but there is pressure at the short-term high points, making chasing higher risky. Long positions should wait for a pullback to key support levels before considering entry, aiming for a second breakout. Short positions should be taken lightly when the price tests resistance at high points, playing the short-term retracement, with strict control of positions and stop-losses. Overall, the hourly bullish trend has not reversed, but both bulls and bears have opportunities within the consolidation range. Heavy positioning is not recommended; quick in and out trading is preferred.

⚠ The above analysis is based solely on hourly technicals and does not constitute investment advice. Cryptocurrency markets are highly volatile; be sure to set strict stop-losses, operate cautiously, and pay attention to risk management.
$ETH