May 21 Cryptocurrency Market Analysis ‼️



【Key Points of Bull-Bear Battle】

Strategy: ✅Observe cautiously before opening positions✅

1️⃣ 【BTC】
Downward trend, watch whether the BTC 4-hour trendline can break through
Resistance level above 78,180
Support level below, daily support at 77,225

【ETH】
Downward trend, same resonance as BTC, focus on breaking the 4-hour trendline
Resistance level above 2,157
Key support below on the daily chart at 2,117

2️⃣ 【ETH & BTC】 have maintained a three-day consolidation, waiting for a 1-hour MACD correction. Here, short-term long positions are recommended, watching for accelerated upward moves and potential pullbacks for profit-taking.

Short positions can be added on dips, especially after surpassing 79,000 points. If around 79,200 points faces resistance and there is a sharp decline on the 1-hour chart, that indicates the main downward wave.
ETH-0.19%
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