Blockchain Liangqiu: Bitcoin/Ethereum surged again in the evening on May 26, how is the long position sustainable

We have also deployed the idea of ​​pulling up short orders for Bitcoin/Ethereum many times in the past two days. The same is true in the evening. As of now, Bitcoin and Ethereum have surged and fallen again. Ethereum has reached the highest level near 3880 and began to fall back. Bitcoin has always been consolidating below 69500. As of now, the expectation of a surge and fall is still there. The main trend in the evening is to continue to fall back.

From the perspective of Ethereum in four hours, it is a completely standard wide-range oscillation pattern. The four-hour band not only runs smoothly, but also has no effective opening. The short-term long and short continuity will not be very strong. The upper Bollinger band just corresponds to the vicinity of 3880, which is also in line with expectations. The short-term reference below is near 3660. This position is also the short-term support position of the daily MA moving average three lines turning upward. The overall volatility of Bitcoin is obviously much smaller. The four-hour Bollinger band has begun to move slowly downward, and the bulls have begun to adjust with reduced volume. However, the support of the 66500 to 67000 moving average line is still needed below.

In terms of early morning operations, friends who did not enter the market during the night surge can continue to enter the market when opportunities arise, and those who have entered the market can continue to hold on patiently. It is recommended to continue to enter short orders near 69100 to 69400 for Bitcoin, with a target of around 67000 to 67500; enter short orders near 3850 to 3880 for Ethereum, with a target of around 3720 to 3760. #ETH #新币挖矿 #BTC $ETH