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Analyst Liang Qiu: 5.16 BTC ETH continues to fluctuate, with a trend analysis attached.


BTC ETH, after successfully concluding a pullback on the previous day, publicly achieved another pullback yesterday. BTC ETH has repeatedly surged and retreated to the levels of 101500, 2475, and 2515, with the overall space looking quite good. In fact, since the day before yesterday, I've emphasized multiple times that the support levels for BTC ETH are at 101000 and 2500, while the resistance levels are at 2650 and 105000, so there's no need to elaborate on the basic strategy. Currently, the market has risen again, remaining in a sideways oscillation, with clear resistance above. After multiple oscillations, a one-sided trend is likely to come. It is important to pay attention to the level of 10.5 for BTC; if it does not break, it will continue to drive other assets down.
On the daily chart, BTC and ETH are currently hovering near the MA7 moving average line. The overall trend is indeed quite strong, but BTC has not effectively broken through the recent multiple resistance levels before 10.5, so no breakthrough handling is done before that. The short-term MACD indicator shows a momentum sell signal, indicating a need for adjustment, but the price is operating above the key moving average line, and the medium to long-term trend is still upward. In the past few days, it has continued to oscillate around the 7-day moving average. The daytime trading has some upward space for the rise, but there is no need to chase the price; it is better to wait for a rebound after being under pressure.
Trading suggestions: BTC: range 10.43 to 10.48, target near 10.25; ETH: range 2610 to 2630, target near 2530.
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