Pionex: Bitcoin Latest Market Analysis on May 20

Article Published on 2025.5.20 ---- 0:10

The current price of Bitcoin is 104,800. After a wave of liquidations breaking the previous high, Pionex is no exception; the longs around 104,000 were finally swept out. There are no invincible generals. Pionex acknowledges mistakes and corrects them, gathering emotions to set off again. Looking at the current market, in the short term, the market is showing a consolidation with potential for further upward movement. The candlestick patterns indicate significant bullish and bearish battles recently, so Pionex suggests maintaining a cautiously optimistic attitude, suitable for a buy-on-dips strategy. Pay attention to the performance of key support and resistance levels, trading lightly and quickly. Technically, the candlestick patterns show strong unilateral strength with a long body and no shadows, while top patterns like doji and hammer indicate market contention. This type of market, which is more prone to rapid rises and falls, offers greater operational space.

Today's Reference Points:

• Long Entry: 102,500, Stop Loss: 102,000, Target: 105,000
• Short Entry: 107,000, Stop Loss: 107,500, Target: 104,500

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,460. The depth of Ethereum's pullback is sufficient to initiate a recovery phase again, with upward momentum beginning to show. Pionex assesses the market direction as relatively positive, with signals such as MA7 crossing above MA30 forming a golden cross, the RSI indicator entering a neutral to strong area, and MACD golden cross suggesting a potential short-term market rise. Trading volume also indicates increased market activity, providing support for price increases. Therefore, Pionex recommends paying attention to the resistance level of 2,740 to confirm a stronger upward trend. Flexibly manage positions and quickly adjust according to market trends. Be aware of possible market fluctuations and avoid being overly aggressive. The bullish trend is already quite clear, and Pionex will not elaborate further. The main strategy remains bullish unless the previous high is challenged, in which case no shorts will be considered before that.

Short-term Strategy Reference:

• Long Entry: 2,400, Stop Loss: 2,350, Target: 2,550
• Short Entry: 2,740, Stop Loss: 2,770, Target: 2,550

The above is a brief analysis by Pionex regarding the current market situation for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights, hoping to assist others with dreams in finding their place in this unpredictable market and embarking on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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