Good evening everyone, I am Xin Ya. Today is May 20th, wishing everyone that the wealthy finally find their partners, and do not forget to prepare little surprises for your significant others. To be honest, my performance during this time has been quite average. The two very good rebound positions I observed have turned into pressure points, feeling like I've been targeted.

The uncertainty in the market has also made me start to restrain my temperament, act carefully and speak cautiously. Let's first look at Ethereum; the last divergence point was at 2180. Starting from six in the morning on Monday, Ethereum plummeted by a hundred points, dipping down to around 2080, with a four-hour closing at 2130. Monday's daily opening was also at this position. Let's especially mark this absolute divergence point. In the operation of these two days, most of the time has been below this position, oscillating back and forth around 2090-2130.

We should pay attention to the details; at eight o'clock on the evening of May 18th, the market did not break the previous high, and the next four-hour candlestick tested this high and closed as a bullish candlestick. This was the first test by the bears. It was evident that the bulls were defending the market, even if forced, it was still defending. This shows the determination for the future market. The second test occurred at four o'clock in the afternoon on the 19th, starting with sell pressure from 2140, not breaking below 2100, and the next larger sell pressure at 2105 formed a doji. During the night trading, the four-hour candlestick produced three dojis. It wasn’t until the afternoon that it began to test upwards.

The positions of these two pressure tests were around 2130, while the solid support level was around 2100. Therefore, there are two possible scenarios for the future market. The first scenario is that it tests upward at this small divergence point of 2130 before testing demand downward again. The testing positions are around ema120 and four-hour ema30, in the 2160 range. The second scenario is to first test demand downward, producing a lower position, to see if there will be enough buying pressure to stabilize the market. This position may happen around the 2090 divergence, and a bit below 2068.

Combining the two possibilities, the most stable approach would be to oscillate between 2068-2160. The lower range could be narrowed down to 2095. If it goes down first, trading back and forth at 2090-2130 could be handled in high frequency short-term trades. This important accumulation range would handle long positions in one direction. At 2068, significant buying is needed; however, Xin Ya feels it is tough for the market to offer opportunities for building positions. If it goes up first, one can only lightly short from 2160, and only establish a solid short position at 2215.

Xin Ya believes that the strategy for holding no positions would be to go long around 2130, add at around 2105, and add again at 2180. Since there is already a relatively advantageous average price, the accumulation area will be set to around 2080. In my judgment, these few demand tests are to check if the market has a possibility of reversal. Currently, the daily line is also at tm9, as long as there are no extreme market events, the market will spontaneously rise. Because Xin Ya himself is also looking for a reversal. This handling step is for the pre-reversal pullback and foreplay.

As for Bitcoin, simply put, I am very disappointed with the main players. Since May 11th, Bitcoin has been in three consecutive bearish days followed by one bullish day, and then five consecutive bearish days, essentially equivalent to nine consecutive bearish days. The Bitcoin daily line has not completed a td9 pattern, which is also the reason I consider two possibilities for Ethereum. Because one of them corresponds to waiting for Bitcoin to complete td9 before reversing. There is really not much to say about Bitcoin; during this time, it has been oscillating around the 76800 range, with a back-and-forth range of only eight hundred points. The MACD indicator shows that the bulls already have an advantage. Looking at the four-hour chart, the sell pressure is quite strong, but in the one-hour chart, it has been significantly absorbed. The actions originating from around 82000 should have satisfied that group of people. Further down would be unfair. The one-hour and four-hour ema120 and 144 are in the 78200-78500 range.

My view is that as testing continues, the price will gradually grind upwards, and as it grinds, it will stabilize. For short-term handling, rely on repeating longs at 76800, letting those looking for seven thousand get liquidated. As for the long-term, don’t use the concept of long-term in front of the elderly; no matter how long it is, it will all be short-term in front of us who have crossed periods. The so-called long-term and mid-term all have their opportunities. For those who cannot seize these opportunities, at least get closer.

Yesterday’s update didn’t get posted as a draft, but today went as expected, Bitcoin and Ethereum both made three consecutive hits on the 15-minute k chart, and we still have to look ahead to the market.

Walk in sync with Xin Ya, public account, Xin Ya speaks of the essence.

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