5.20 The market will change this week, and the game of the strong and weak dividing line will start.
Ethereum's market share has fallen below 15%. The total market value of cryptocurrencies has reached 2.554 trillion US dollars, currently 2,553,885,916,872 US dollars, a 24-hour decline of 0.4%, and a 24-hour trading volume of 46,378,440,870 US dollars. At present, BTC's market share is 51.8%, and ETH's market share is 14.6%. At this time, you can choose to slowly buy Ethereum or Ethereum series of cottages to play the game of the future cottage season.
This week, a decision on the spot ETH ETF will be made. This week, a series of information will be announced and Powell will speak again on future monetary policy. If everything meets market expectations, then this round of short-term market conditions will start. The daily level bottom of this round of cake may have appeared near 59,000. If the news is not good, it may continue to move slowly upward.
Daily level market
- The daily level is close to the middle rail pressure, and the overall key position is easily affected by the news this week. The bottom key support position is around 66000. If it falls below, it will weaken and stand strong. The upper pressure is around 67000, and the lower strong and weak support is around 66000-65800.
4-hour level market
The 4-hour level has a large-scale slow rise trend, the lower support is around 65700, and the upper pressure is around 66600. If it does not fall below 65700 in four hours, it will continue to rise. After breaking, the target is support near 63800.
Intraday level analysis
-----Bitcoin hourly level decline trend, the intraday may be mainly small negative decline, just pay attention to the exchange clearing certain positions of contract chips, focus on the impact of the change in the market this week on the news, and do some long and short orders at key positions in the short term. You can choose to bet that the trend continues to rise, so pay attention to whether the support near 65700 is effective during the day.
The exchange rates of Ethereum and Bitcoin continue to weaken. If the strong and weak dividing line near 65700 continues to be effective, then the market outlook is more optimistic about this round of trends, and some cottages can be bought.
The large-scale pressure in this round is still around 67500-68500. The short-term upper pressure is around 66600, and the bottom support is around 65700, 65000 and 64500. The short-term intraday trading is mainly based on exchange liquidation. For small-scale declines, just pay attention to the effective support position.
520 I wish everyone lovers to finally get married!
The market has changed very quickly recently. If you want to adjust your position or don’t understand the trend, you are welcome to communicate and learn. #BTC走势分析 #5月市场关键事件
