Analysis of Bitcoin and Ethereum Market on May 16: Today’s Highlights of BTC and ETH

Yesterday’s Market Review

The big coin rose sharply yesterday due to the influence of CPI data, breaking through the key resistance range of 63,000-64,000, and going out of the downward trend. The daily engulfing pattern is an obvious reversal signal. The second coin rose synchronously with the big coin, and also went out of the daily engulfing pattern, but the second coin failed to break through the key resistance range of 3050-3100, and still did not go out of the downward trend. Yesterday, the big coin and the second coin did not see obvious increase in volume as a whole. The slight increase in volume had a higher increase, proving that the dog dealer was mobilizing chips to pull up and collect retail chips. After the big coin breaks through, the market confidence will be restored, and the cottage will follow up after waiting for the second coin to make up for the rise. The market recovery needs to wait for BTC and ETH to confirm the breakthrough of the key position before it can be confirmed. Today, pay attention to the key position stabilization and breakthrough

BTC: short-term There are many pull-ups, and the 4-hour level indicators have exceeded the standard. A repair market is expected during the day. After encountering resistance at 66500, there is a slight pullback. Pay attention to the key support level of 64000-64500. If it stands firm at this position, the subsequent market will improve. The upper resistance is in the range of 67000-68000. It is expected to be difficult to reach today, and the possibility of a pullback is greater.

ETH: Short-term synchronous pull-up with BTC, the 4-hour indicator is still within a healthy range. Pay attention to the stabilization of 3000. If it stands firm at 3000, it is expected to hit the key resistance range of 3050-3100 again during the day, and start the ETH catch-up mode. The lower support during the day is around 2950. If the impact of 3050-3100 fails, you can focus on this position.

If you also want to deepen your investment in the currency circle and want to maximize your investment income, but you can't recognize the market, then no matter how good the opportunity is, it has nothing to do with you. Follow the sponge on the homepage, and you will share the spot password for free every day, the bull market layout strategy, and the 100-fold potential coin! #美国4月CPI数据回落 #BTC走势分析 #ETFvsBTC