Brief analysis of the market on May 11 (review)

Yesterday evening, Ethereum and Bitcoin fell again, and are currently in a recovery rebound after the decline, but we can see that the rebound is relatively weak!

Using the ETH 1-hour K-line combined with the Vegas channel indicator, we can see that after ETH hit a high point yesterday morning, the high point continued to decrease from the afternoon to the evening, and the upper side was suppressed by the Vegas channel. In addition, the US stock market opened in the evening, and the constituent stocks of the cryptocurrency sector fell. Under the influence of multiple factors, Ethereum Bitcoin fell sharply! The 1-hour level combined with the Vegas channel can completely find short positions!