Analysis of Bitcoin and Ethereum Trends and Strategic Recommendations

BTC Daily Analysis

Today's Bitcoin daily line closed positive as expected, and is expected to hit the highest level of 70750. Next, we need to pay close attention to the support strength of the 68900 level during the day. It is worth noting that the overall K-line and MACD volume of the daily line show signs of top divergence, and we need to be alert to the repair of the top divergence pattern.

On the short-term four-hour chart, the Bollinger Bands began to close, and the price ran in the rising channel, with short-term support around 69000. The MACD indicator shows that the energy of long and short positions frequently switches, and it is recommended to pay attention to the top and bottom conversion support area of ​​67800 for long orders.

The one-hour chart shows that the price continues to fall, and the MACD indicator diverges downward after the long-short conversion, with the bottom support at 67300. Comprehensive analysis, Bitcoin is recommended to be long in the follow-up callback.

Pre-buried order suggestions:

Long order: 67300-67800

Defense: 500 points

Target: 500-1500 points or more

Ethereum (ETH) trend analysis

Ethereum's bullish trend is strong, and the price has repeatedly broken through the previous high, and is currently fluctuating around 3900. The daily support is recommended to focus on the 3810 line.

On the short-term four-hour chart, the Bollinger band is running open, and the currency price continues to be in the rising channel, with support below at the 3830 line. The one-hour chart shows that the price has entered a short-term falling channel, with high pressure around 3920 and bottom support at the 3840 line. Comprehensive analysis shows that Ethereum will mainly go long in the subsequent callback.

Pre-buried order suggestions:

Long order: 3810-3840

Defense: 40 points

Target: 40-80 points

Summary

On the whole, both Bitcoin and Ethereum are in a strong bullish trend, but we need to be wary of the risks of top divergence and short-term decline. Reasonably arrange pre-buried orders, and set stop loss and target points to cope with market fluctuations. I hope everyone can operate with caution, follow the trend, and obtain better returns.

2024.5.28#BTC☀️ #ETH🔥🔥🔥🔥🔥🔥