Li Mingyang 5.22 Midday Hourly Chart Technical Analysis and Trend

Since 12:00 on May 21, BTC/ETH has experienced a complete oscillation pattern of sharp rise and fall, bottoming out and then rebounding, followed by a low-level rebound correction. BTC bottomed near 76,696 and rebounded, rising to the current stage high of 77,763; ETH bottomed near 2,104 and rebounded, rising to the current stage high of 2,136.61. Both are short-term corrective upward movements. After reaching the stage high, the market entered a high-level narrow-range consolidation, with shorter candlestick bodies, intensified bulls and bears struggle, short-term upward momentum weakened, and the market is in a consolidation phase after the rally.

Upper Resistance: ETH: First resistance zone 2145-2150, strong resistance at the previous high of 2152.74
BTC: First resistance zone 77900-78000, strong resistance at the previous high of 78194

Lower Support: ETH: First support zone 2128-2132, strong support at 2120/2104
BTC: First support zone 77450-77500, strong support at 77300/76800

ETH Long Position Plan
Entry reference: When the price retraces to stabilize in the 2128-2132 zone, consider entering a long position with a small position size.
Stop-loss reference: Set stop-loss below 2120; if broken, abandon the long idea, indicating support failure and likely a return to weakness.
Take-profit reference: First target at 2145; if a strong breakout occurs, aim for around 2150 to exit. Be cautious of a pullback risk when reaching the previous high and strong resistance.

Short Position Plan
Entry reference: When the price rises to 2138-2142 and faces resistance or shows signs of a pullback, consider entering a short position with a small size.
Stop-loss reference: Set stop-loss above 2148; if broken, abandon the short idea, indicating bullish momentum continuation and opening upward space.
Take-profit reference: First target at 2125; if weakness persists, consider exiting near 2120. Be alert to rebound correction when reaching strong support.

BTC Long Position Plan
Entry reference: When the price retraces and stabilizes in the 77450-77500 zone, consider entering a long position with a small size.
Stop-loss reference: Set stop-loss below 77300; if broken, abandon the long idea, indicating support failure and potential damage to the rebound structure.
Take-profit reference: First target at 77850; if a strong breakout occurs, aim for around 77900-78000 to exit. Be cautious of a pullback risk when reaching the previous high and strong resistance.

Short Position Plan
Entry reference: When the price rises to 77900-78000 and faces resistance or shows signs of a pullback, consider entering a short position with a small size.
Stop-loss reference: Set stop-loss above 78194; if broken, abandon the short idea, indicating bullish momentum continuation and opening upward space.
Take-profit reference: First target at 77500; if weakness persists, consider exiting near 77300. Be alert to rebound correction when reaching strong support.

The current market logic is consistent with previous phases: a high-level consolidation after a low-level rebound, characterized by a bullish bias rather than a strong one-way rally. Traders should strictly control position sizes, avoid chasing highs or selling lows. Long positions should wait for a stabilization signal after a retracement; avoid entering longs at high levels. Shorts should wait for signs of resistance and pullback; avoid topping early. Set strict stop-loss levels; if key levels are broken, abandon the original strategy promptly and adjust according to the market.

‼️ Personal opinion, for reference only. The market carries risks; invest cautiously. $BTC