5.24 Early morning Bitcoin and Ethereum market analysis ~ Trump's remarks lead to another cooling of the market! How should we grasp the short-term?

CN
孟晓瀚
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9 hours ago

Yesterday afternoon, the updated strategies for Bitcoin and Ethereum were announced across the network. Bitcoin successfully reached our entry point, while Ethereum missed by just one point, which is quite regrettable. Bitcoin achieved nearly 2700+ profit space, and the low short strategy also captured close to 2000 points of space. This dual kill for both long and short positions is quite good for short-term trading. Congratulations to those who followed along.

Currently, after the closing line in the early morning, the daily chart has turned from red to green due to the evening's bearish K-bar, but the TD indicator has not been damaged for now. The price quickly recovered after dipping below the MA5 daily moving average. With the upcoming Saturday, trading volume is weakening again, so we need to pay attention to tomorrow's daily update. As long as the TD indicator is not damaged, the upward trend will not change. Conversely, if the price breaks below the daily MA10 moving average with increased volume, the next few days will likely see a pullback.

On the 4-hour chart, with the intraday pullback sentiment, the MACD and KDJ indicators have once again turned to a bearish resonance. However, the BOLL middle track and MA30 daily moving average continue to rise, providing some short-term rebound space. Combining this with the hourly chart, the current market is leaning towards slight oscillation adjustments, and with strong support on the Bitcoin daily chart, we will first consider low long and then high short strategies from early morning to morning.
Operational strategy: 107400 long, 106400 add positions, target: 109000-110500, stop loss: 105800
High short reference points: 110500-111500, target: 106000

Ethereum's overall trend is basically in sync with Bitcoin, but the overall trend and volume are much weaker. Therefore, the strategy remains the same: first low long and then high short.
Operational strategy: 2510-2470 long, target: 2580-2630, stop loss: 2450
High short reference points: 2610-2650, target: 2500-2450
For the short-term trend, this should be sufficient, and I will continue to follow up later.
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. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!

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