Analysis of Bitcoin and Ethereum Market on May 18: Today’s Highlights of BTC and ETH
Yesterday’s Market Review
The big coin rose again after a slight adjustment yesterday. After going out of the downward trend, it is ready to go. Today, it is expected to consolidate and accumulate strength to prepare for the next rise. The two coin successfully broke through the key position of 3050 yesterday and has stabilized today, which is consistent with expectations. BTC and ETH’s breakthrough of key resistance levels has a great incentive effect on the subsequent overall market. The cottage followed ETH’s overall rise. After the breakthrough and stabilization, market confidence will be restored. The days of suffering are about to end, and the days of shock upward are about to begin
BTC: In the 4-hour level correction and adjustment, various indicators still need to be adjusted. The 4-hour dead cross is about to take shape, and it is still within the day There is a need for correction and adjustment to lay a good foundation for subsequent rises. Pay attention to the support level of 65000-65500, and the upper resistance is in the range of 67500-68500
ETH: Successfully broke through the key resistance level, and the 4-hour and 1-hour indicators were slightly exceeded. There is a need for adjustment during the day to lay a good foundation for subsequent rises. ETH starts the catch-up mode. The lower support during the day is 3020-3050, and it is accumulating power. The upper resistance is 3200-3250
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