Let's briefly review. At four o'clock on the afternoon of the 21st, after Bitcoin broke below the one-hour EMA 144 around 77800, it dropped to around 76800, just stopping below the one-hour center.

We pay attention to details. In the process of the decline, there was a small bullish doji at the divergence point of 77300, which is the level we mentioned yesterday and needs to be highlighted. You can see from the MACD that this position is almost at the MACD zero line. This means that the main players in the short term will repeatedly contest around this area.

Looking at the market situation this week, the decline on May 19 started from 77300. In the evening session when the MACD turned negative, the bulls defended the market, and the price did not break below this week's low of 76000. This is very important, as it indicates strong resistance from the bulls against the extension of the bears. This segment shows a clear bullish divergence. The reason for highlighting this section is that there are signs of a bearish divergence in the rebound during the evening of the 21st. Only by considering this can you understand that those who use this to determine the general direction are talking nonsense. It is merely large-scale turbulence.

The market structure will evolve into various possibilities, including the potential for large movements, and this month’s market is expanding around the center of 76500-77800 with large-range turbulence. The two current possibilities are included within this.

The first possibility is to stabilize above the one-hour EMA 144 at around 77800 and above the four-hour EMA 144 at around 78200, then target 80000, consolidating before starting the next movement. The second is to break below the one-hour center and then target the daily MA 60 at around 75000 to begin the next movement.

You should understand that some people say that breaking through or dropping below these two positions will extend. But have you forgotten that the long period of sideways movement and consolidation has resulted in a larger turbulence range? When there is turbulence, you all feel like it’s about to take off. My view is to layout from both sides at key positions from the perspective of large and small turbulence. The conservative approach is to take a segment for a high risk-reward ratio; the aggressive approach is to take in two segments, making it easy to exit; and taking in three segments for a one-sided push.

Okay, now it's time for Ethereum, which we have been thinking about. Actually, I am very grateful for Ethereum recently. After all, it has been biting repeatedly; we can't not be thankful. The market for Ethereum has been very complex lately, so complex that it has begun to influence Bitcoin’s structure.

Because it represents the altcoin market, the altcoins have been siphoned off by the mainstream, being drained by traders. To understand the Ethereum market, we need to pull in the market from April. At the end of April, Bitcoin was at 66000, and Ethereum was at 2100. Now Bitcoin is at 77000, and Ethereum is at 2120. So it can be seen that the current running position is very awkward, with an overhead downward channel pressure starting in mid-April, located around the one-hour EMA 144 at 2152.

Below, there is support from the upward channel that began in February, approximately around 2050. And this week's price range of 2200-2080 corresponds to the four-hour center from March. The four-hour EMA 120 for Ethereum is far away at around 2220. My suggestion is to trade based on the box, being conservative at the upper and lower ends for entry; if entering at divergence points, supplement near the upper and lower inner area of the box, exiting externally. Future price movements will likely oscillate around a center of 2135. My inclination is to go long during the oscillation. To short during the turbulence, one must manage stops well.

Focus on the following levels: 2100, 2078, 2052 below and 2135, 2152, 2186 above.

Although there are some conspiracy theories, I still feel that the main players are secretly manipulating the market. This week they deliberately smashed the price to this position for the market to naturally consolidate. Because you all know, the A10 and A9 traders in the circle have had no movement. There are only two possibilities for them: either they are waiting to pick up scraps after a drop, or they are quietly laying out to accumulate shares, waiting for a wave of deception before pulling up and leaving some people behind.

So many people have been talking nonsense these days. I've watched the oscillation positions for a few days, the entries and exits, and the turning points; the range looks okay.

Operate in sync with Xinya: Public account: Xinya speaks about Chan.

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