Analysis of the 5.19 day horse cannon
BTC weekly line still maintains a strong bullish trend, with the first target near 71k, and the peak signal appears periodically at the daily level, especially in the hourly line, it is blocked near the previous pressure level of 67k and falls back. Whether it stabilizes near 63.5k below determines whether it will bottom out again or stabilize near 63.5k and continue to hit 71k. Suggestion: Wait for the moving average to stick together again after the decline, and then participate in the long position such as the position in the red circle, focusing on the two positions of 67k and 63.5k. For example, after pulling back to 67k again, it will go sideways at a high level, and use time to exchange for the moving average to pull up and then start rising again, or fall back to 63.5k and stabilize and use space to wait for the moving average to return
ETH is obviously weaker than BTC, and the exchange rate has not returned to the range and started to fall again. Here, whether the exchange rate can stabilize near 0.045 is crucial. If not, there is still a lot of room for decline below. After ETH strongly broke through the range on May 17, we are now focusing on two key positions, 3030 and 2950-2968. One is the retracement of the upward trend, and the other is the retracement of the breakthrough range. Only these two positions are worth going long, while shorting will wait for the right side signal of the specific K-line, such as the hourly K-line at 7 o'clock in the evening of May 18.
