5.21 Bitcoin and Ethereum Market Analysis ~ Bitcoin continues to reach recent new highs, and the strategy remains to buy on dips.

CN
孟晓瀚
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8 hours ago

In the early morning, Bitcoin surged strongly, and our high leverage strategy unfortunately missed the opportunity. Ethereum was also regrettably just one point short of hitting, which could have secured a profit of 60 points. Unfortunately, we missed the chance.

After the daily update, Bitcoin's price relies on the MA5 and 10-day moving averages for a resonant upward movement. The MACD and KDJ indicators have recently shown a shrinking upward trend (the indicators are somewhat unusual), and the TD has reached TD4. As long as the intraday price does not break below the MA5 daily moving average, the upward trend will not be disrupted. Therefore, it is only a matter of time before the TD indicator progresses to TD5, 6, and 7. Breaking through the 110,000 mark is also just around the corner.

On the 4-hour chart, the MA5, 10, and 30-day moving averages are maintaining a resonant upward trend, and the mid-line is also continuously rising, providing additional momentum for the bullish trend. Combined with the hourly chart, the overall trend for Bitcoin currently leans towards a slight resonant upward movement, with a short-term slight pullback sentiment. Therefore, we will follow the trend and maintain a low pullback strategy for the day.

Operational strategy: Buy at 105,500 - add positions at 104,500. Target: 107,000 - 108,000. Stop loss: 104,000.

In the early morning, Ethereum was strongly driven by Bitcoin, resulting in a pullback sentiment. Currently, the overall trend is basically in sync with Bitcoin, but the upward trend and momentum are somewhat weaker. Therefore, we will follow the trend and maintain a low pullback strategy for the day.

Operational strategy: Buy at 2,530 - add positions at 2,480. Target: 2,580 - 2,630. Stop loss: 2,460.
For the short-term trend, this is expected to be sufficient, and I will continue to follow up later.
Personal opinions 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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