Li Mingyang 5.21 Midday Hourly Chart Technical Analysis and Trend

Trend: Since 12:00 on May 20, a clear low-level rebound has emerged, rising from around 76645/2106 to the stage high of 78138/2157, indicating a short-term strong upward movement. Current state: After reaching the high point, it enters a high-level consolidation, with shorter candlestick bodies, intensified bulls and bears struggle, short-term upward momentum is weakening, and it is in a consolidation phase after the rise.

Upper resistance: BTC 78138, ETH 2157
Lower support: BTC 77833/77391, ETH 2131/2116

BTC Long Position Plan
Entry reference: When the price retraces and stabilizes around 77800-77900, consider entering a long position with a small position size
Stop-loss reference: Set stop-loss below 77500; if broken, abandon the long position idea
Take-profit reference: First target at the previous high of 78138; if broken, look towards around 78280

Short Position Plan
Entry reference: When the price rebounds to the 78100-78138 zone and encounters resistance and falls back, consider entering a short position with a small position size
Stop-loss reference: Set stop-loss above 78200; if broken, abandon the short position idea
Take-profit reference: First target at the lower end of consolidation at 77830; if broken, look towards around 77400

ETH Long Position Plan
Entry reference: When the price retraces and stabilizes around 2135-2140, consider entering a long position with a small position size
Stop-loss reference: Set stop-loss below 2125; if broken, abandon the long position idea
Take-profit reference: First target at the previous high of 2157; if broken, look towards around 2161

Short Position Plan
Entry reference: When the price rebounds to the 2150-2157 zone and encounters resistance and falls back, consider entering a short position with a small position size
Stop-loss reference: Set stop-loss above 2160; if broken, abandon the short position idea
Take-profit reference: First target at the lower end of consolidation at 2131; if broken, look towards around 2116

‼️ Personal opinion, for reference only. Market volatility is high. Please strictly control your position size and implement risk management. $BTC