The article was edited at 8:30 am on May 19, 2023. All opinions do not constitute any investment advice! For learning and communication only.
Today is May 19th. As an old man in the cryptocurrency circle, you should still remember this day. Two years ago, May 19th was a sleepless night in the cryptocurrency circle, and was nicknamed "519 Anniversary Day" by the cryptocurrency circle. On the evening of that day, Bitcoin once fell below the $30,000 mark, dropping to $29,000, a drop of 34%. Ethereum once halved. Will it happen again today? That will definitely not happen. However, Bao will speak tonight, and the market may take the opportunity to break through and choose a direction. Everyone should pay attention to prevent risks.
Yesterday, the high point of the big cake was around 27485, and the low point was around 26360. Yesterday, the big cake was sideways at a high level for a day, and it can be seen that the 27500 line was under strong pressure. It began to fall in the evening, and there was a wave of accelerated decline in the early morning, and it tested the support again, and then began to rebound. The white market is expected to continue to fluctuate. In the evening, focus on Powell’s speech. His speech will cause greater fluctuations in the market. The market may take the opportunity to go out of the direction, and when the direction is out, it can go with the trend.
At the daily level, the Bollinger Bands are moving downward, supported by the lower Bollinger Band of 26200. MCAD continues to diverge. At the 4-hour level, it is in a range oscillation. The Bollinger Bands are moving in parallel, supported by the lower Bollinger Band of 26500. MCAD volume is still sluggish. The current market is still in a game between bulls and bears. Before it moves out of the range, you can buy low and sell high with a light position.
Pay attention to the support of 26000-26200 below, and the pressure of 27500-27700 above. It is recommended to short lightly near 27500, with a stop loss above 28000, and the target is 27100-26500. It is recommended to go long lightly near 26500, with a stop loss below 26100, and the target is 26900-27300. The market changes rapidly, and the specific operation is mainly based on real-time strategies.
Ethereum's high point yesterday was around 1830, and its low point was around 1770. Ethereum followed Bitcoin's high level and traded sideways for a day yesterday. It started to fluctuate downward in the evening, and accelerated its decline in the early morning. After reaching the lowest point around 1770, it began to rebound. Currently, Ethereum is still running in the range, with strong pressure both above and below. Whether it can get out of the range depends on what Bao said tonight.
The daily level closed with a negative line with a lower lead yesterday, and the Bollinger Bands were running in parallel. Suppressed by the upper Bollinger band of 1850, MCAD continued to shrink. The 4-hour level was still oscillating in the range, and the Bollinger Bands were running in parallel. Supported by the lower Bollinger band of 1790, MCAD volume was still sluggish. When the market has not moved out of the range, you can operate with a light position to sell high and buy low. If you have positions, it is best to clear them before the US market to avoid risks.
Pay attention to the support of 1730-1750 below and the pressure of 1850-1880 above. It is recommended to short with a light position near 1840, with a stop loss above 1880 and a target of 1810-1790. It is recommended to go long with a light position near 1780, with a stop loss below 1740 and a target of 1810-1830. The market is changing rapidly, and specific operations are mainly based on real-time strategies.
Statement: The above content is personal opinion and the strategy is for reference only and is not used as an investment basis. If you follow up, you will bear the risks at your own risk.
