#ETH 5.20 Bitcoin Ethereum Technical Analysis and Trading Suggestions


From the daily chart perspective, the market is currently releasing complex signals: the MACD indicator shows a top divergence pattern, volume exhibits a large and small bearish characteristic, and the DIF and DEA lines are repeatedly crossing, indicating a tug-of-war between bulls and bears.
From the 4-hour perspective, the price has formed a U-shaped reversal after completing two bottom-testing actions and is strongly trending upwards, with a bullish trend already established. The MACD indicator continues to expand, and the DIF line has successfully crossed above the DEA line to form a golden cross, indicating strong short-term upward momentum. Pay attention to the upper position of 105800.
Yesterday, I closed a short position on Ethereum around the 2550 line in the morning, gaining 126 points and making a profit of 6000u. Then I took a short position on Bitcoin at 104637 and held it until 102806, gaining 1831 points and over 5000u in profit. In the afternoon, I reversed and took a long position on Bitcoin and Ethereum, making over 3000U. In the evening, the market was strong again, yielding a profit of 3800U, bringing the total daily profit to 18,000U. "Follow the Trade Wei ETH2025666"
Bitcoin intraday operation suggestion: Buy near the pullback of 104500-104200, with a stop loss of 600 points, and a target around 105800.
Ethereum suggestion: Buy on the pullback near 2400-2350, with a stop loss of 40 points, targeting around 2560-2600.
The strategy is for reference only, with actual trading guidance as the main focus.
ETH1,74%
BTC0,87%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)