2024.5.15 Bitcoin (BTC) Analysis
Bitcoin has gone out of the downward trend as expected, and the layout of high-level short orders has achieved good returns after the shock. Congratulations to the friends who followed the strategy for a big win! On the daily chart, Bitcoin formed a top-bottom conversion suppression at our profit-taking point of 61,800. At present, the upward resistance of the daily chart focuses on the 61,700-62,000 range, and the high resistance is 62,800-63,000.
Four-hour chart analysis:
The price is running in a new downward channel, and the high of 61,700 forms a new short-term pressure.
The focus of the four-hour intraday chart below is on the support strength of 60,800-60,500. If it falls below quickly, Bitcoin may test the support around 59,000.
One hour chart analysis:
The Bollinger Bands have started to close, suggesting less price volatility in the short term.
If 61600-61800 cannot be effectively broken through, the price may continue to fluctuate and fall.
Trading strategy suggestions:
Mainly short selling on intraday rebound.
Prepaid order:
Short entry position reference: Short sell in batches in the current price range of 62000-61800, stop loss 500 points, target above 500-800 points.
2024.5.15 Ethereum (ETH) Analysis
Ethereum's downward trend is very obvious. It is recommended to wait for the rebound strength before entering the market. Pay attention to the resistance range of 2920-2950. The MACD indicator shows that the bears have not yet exerted their strength, so be cautious in bottom-fishing.
Four-hour chart analysis:
The price has fallen all the way into the bearish channel of the Bollinger Bands.
The MACD indicator shows a change in long and short volume, with the fast and slow lines forming a dead cross.
Short-term support is at 2840.
One hour chart analysis:
2890 forms upward resistance and the bottom 2850 support is in jeopardy.
After the MACD short volume increased for the second time, the golden cross of the fast and slow lines failed, and the market may continue to look for a bottom in the future.
Trading strategy suggestions:
Ethereum rebounded mainly for short selling.
Prepaid order:
Reference for short entry: short in batches in the 2930-2960 range, stop loss 50 points, target above 60-90 points.
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!
If you want to know more about the latest market information and trading tips, click on the avatar to follow Lao Lin. Thank you for reading!
#KP3R #pepe回調 #FLOKIUSDT #PEOPLE #PROM.智能策略库🏆🏆 $KP3R $PEPE $FLOKI
