5.16 Bitcoin and Ethereum Market Analysis ~ The market is experiencing fluctuations, with intense long and short battles. How should short-term operations be grasped?

CN
孟晓瀚
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12 hours ago

Last night, close to midnight, the market had a rebound, but unfortunately, our evening layout strategy was severely swept away. Currently, after the daily update, Bitcoin is slightly consolidating and fluctuating around the MA5 and 10-day moving averages. From the MACD and KDJ indicators, the bulls and bears are in a sticky crossover, intensifying the market's oscillation adjustment. However, looking at the daily MACD energy bars, the bulls are continuously in a shrinking state. Combining this with the 12-hour chart, although the price is running above the MA30-day moving average, the trading volume has not changed much in the short term. The price frequently spikes upwards and then retracts. Although there has been a slight rebound in sentiment in the short term, there is still strong resistance at the 105000 level. In the short term, Bitcoin remains in a large range box oscillation. If it cannot stabilize above 105000, Bitcoin will likely experience another pullback adjustment. The low support reference is around 102000. Therefore, for the evening to early morning, my personal view is to maintain a short-term trading strategy of buying high and selling low, which seems more appropriate.

Trading strategy: Buy at 103000-103400, target: 104300-105300, stop loss: 102400.

High short position reference: Enter lightly above 105000. Target: 102500.

Although Ethereum's short-term performance is stronger than Bitcoin's, the daily TD indicator has reached TD9. Coupled with the 12-hour MACD and KDJ leaning towards bearish pullback, the market is inclined towards slight range oscillation adjustment. Looking at the 4-hour chart, the current price is slightly fluctuating around the MA30-day moving average, with the MA5 and 10-day moving averages showing a slight upward sentiment. Additionally, the short-term bulls show signs of a rebound, so we can first consider low buying and then high selling in the evening.

Trading strategy: Buy at 2575-2545, target: 2640-2680, stop loss: 2525.
The high short strategy will be followed up later. For the short-term trend, this should be sufficient, and I will continue to follow up shortly.
Personal views are for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance, and caution is advised when entering the market.

Writing articles and analyses is not easy. I welcome everyone to like and support. A scientific and reasonable trading system, along with position control and risk management techniques, can help you reach greater heights! It will guide you out of confusion and darkness! Just like you, who are still indecisive at this moment, quickly scan the QR code to follow for surprises, with real-time market analysis.

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