【2024.5.17 BTC/ETH intraday market analysis】

The big cake has been pulled up by a wave the day before yesterday, and all small levels are still on the long side. However, this wave of rising daily lines did not stand firmly above 66500, which is just a rebound. So brothers, don’t start brainwashing yourself when the price rises. If the market wants to go up, every pressure level must be broken and stabilized before it can continue to rise. Otherwise, it is just self-imagination and interpretation.

Ether has now fallen below the daily long and short price of 2955, indicating that the current daily level rebound has ended and the market has turned to the short side today. Only if it stands above 2976 today will the long force be stronger.

If the market does not come out today, Friday, it is likely to go sideways again at the weekend. High sideways trading generally has the risk of stepping back under normal circumstances. Let’s see where today’s trend can go first! #大盘走势

Bitcoin Ethereum intraday trend analysis:

Bitcoin fell to the second support level I gave in the early morning and stabilized. Now it is preparing to move up at a small level. Pay attention to the position of 65700 today. This position is the support level of 4 hours. As long as it does not fall below this position, the 1/2 hour level will go up. The upper target/pressure level is near 66500-67200.

If it falls below 65700 today, it will start to pull back in 4 hours. Pay attention to the support level below 64675-63860-62780. #BTC走势分析

Ether fell to the first support level of 2930 given in the early morning and then began to rebound at a small level. It is rebounding at the current 1-hour level. Pay attention to the upper pressure level of the rebound near 2960-2983-3005.

If the rebound does not go up, the market will fall again. Pay attention to the support level below 2940-2895-2864. #ETH走势分析