Analyst Liang Qiu: 5.17 BTC ETH Evening Market Analysis

BTC ETH has once again laid out multiple strategies above 104000 and 2600 yesterday, and the market has also seen several successful declines, overall conditions are quite good. Currently, the market is in a weak oscillation and downtrend, with relatively small rebound strength, and the overall trend remains weak. The daily line is also showing a consecutive downward trend, and from the MA moving average indicators, the 7-day, 10-day, and 30-day moving averages have all turned downward. The market still has further downward space, and the focus remains on the resistance levels of 2550 and 104000 above.

The four-hour K-line pie aunt is also continuing to close the yin, MACD formed a dead fork and crossed the zero axis, the head of the gong dominates, the current support is at 101000 and 2380, once it continues to break, there is more room below. Multiple long upper shadows have formed on the candlestick pattern, and there are obvious signs of weakening on the trend.

Evening operation suggestions BTC: 103300 to 103800 range, target around 101500; ETH: 2490 to 2510 range, target around 2410.

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