2024.5.14 Bitcoin
The current price of Bitcoin is near the key level of 63,000 on the daily chart, which will determine whether the trend will reverse. On the four-hour chart, the price is running in the rising channel, with the upper resistance level near 64,100 and the lower support level at 61,500. The MACD indicator shows that the bullish momentum has begun to weaken, and the fast and slow lines begin to move horizontally after crossing, which shows that the overall bullish momentum has slowed down. On the one-hour chart, the three lines of the Bollinger Bands began to close, and the price was under certain pressure. The MACD indicator showed that the long and short energy reversed, and the fast and slow lines crossed and began to separate. Based on the above analysis, it is recommended to short in the current price range of 63,000-63,200, with a stop loss set at 63,600 and a target of more than 500-800 points.
2024.5.14 Ethereum
Yesterday, the price of Ethereum was suppressed by the 3080 level. At the same time, the actual teammates successfully arranged short orders at the 2980 level and received an exit notification. Congratulations to the friends who followed the orders! The price on the daily line is still subject to resistance at 2950. The short-term four-hour chart shows that the price is running in the rising channel. Pay attention to the support at the 2920 level. The lower support can be arranged at the 2860-2880 level. On the one-hour chart, the three lines of the Bollinger Bands shrink, and the 2950 level becomes a suppression level. The MACD indicator shows that the energy of long and short positions has changed. The fast and slow lines cross and start to run separately. The overall indication is that the price may continue to find support and fall. Based on the above suggestions, Ethereum can maintain the previous short-selling view in the future.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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