5.22 Market Analysis

Technical side:

This morning, we analyzed the weekly level. The weekly level focuses on the closing of the past two weeks. Can it stand on 73100 with a medium-sized positive line? If it cannot stand on it, there will still be risks. The intraday will be mainly oscillating. The short-term support below is 69500, the defense below is 67200, and the upper resistance is 71500

Eth is moving too fast in this wave, but it may not be a good thing. There will be a small one-hour retracement during the day, retracement to the support below 3700, and the defense below 3450, and the short-term upper resistance is 3830. If it continues to maintain this position and oscillate without breaking down, there is still a chance to go higher.

News side:

In this wave of market extension, we will find that the cottage has not followed the rise, so the risk at this position begins to increase. Be prepared for both hands, control the position, and take the moving stop profit and stop loss! ! !

The key point of the recent market is whether the ETH ETF can be passed tomorrow. At present, the basis for passing is that the SEC notified the exchange to accelerate the update of the 19B-4 document on the spot Ethereum ETF. If it passes, ETH will continue to rise. Another situation will be as positive as the passage of Bitcoin's ETF. If it is exhausted, it will be negative and start to pull back! If it does not pass, it may be a door! In the early morning, the Federal Reserve officials said that they would wait until the data continued to weaken for 3 to 5 months before considering a rate cut at the end of 24 years, so the gap still needs time! #心诚 #以太坊ETF批准预期