5.13 Ethereum midday market analysis and operation ideas

After Ethereum rebounded to the 2954 level in the early morning today, it began to rebound. The daily technical indicators showed a good trend, but a new round of short-term declines in the morning touched the 2863 level below. From the current point of view, the short-term short-term decline in the morning successfully touched the support below but failed to break through effectively, indicating that there is strong support and chips at the bottom. From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator are both in a narrow range of fluctuations. The BOLLL technical indicator is on the right track and is running in the lower track area, but it has not been able to continue to link the shorts to fall in large volume. The high point MA30 daily moving average continues to suppress downwards. At the same time, the currency price tries to stand firm, above the MA5 daily moving average and the MA10 daily moving average. Combining the decline in the morning and the daily trend, the short-term operation is recommended to focus on retracement and long positions

From the 4-hour technical indicators, the KDJ technical indicators and MACD technical indicators are both in a state of short-term shrinkage, the BOLL technical indicator is running in the lower track area, and there are signs of a slight upward trend. At the same time, the ultra-short-term DIF and DEA technical indicators are working together to press up. From a short-term perspective, the ultra-short-term shorts cannot break the lower support line, so we will take advantage of the trend to go long. At the same time, we also remind everyone that the back and forth wash is very serious during this period, and profits should be pocketed in time.

Ethereum: 2920-2885 near the first-line long order, stop loss 2856, target: 2970-3050

Bitcoin: 61500-61000 near the first-line long order, stop loss 60400, target: 62300-63200
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