May 14th, Kòngǔ: After a strong rally, has the trend turned bullish?

CN
1 year ago

2024.05.14 Tuesday

After the strong rise, has the trend turned bullish?

① 20:30 US April PPI YoY

② Fed Governor Lael Brainard delivers a speech

③ 22:00 Fed Chair Powell and ECB Executive Board Member Knot attend a meeting

  1. Daily chart: After breaking below the 60,000 support level, the price has returned above it. If the subsequent pullback does not break this level, there is still a trend of continued upward movement.

  1. 1-hour chart: After a short-term test of the 63,500 resistance level, there has been a slight pullback. If the subsequent trend does not break this resistance, there is still a trend of continued decline.

II. Ethereum

  1. Daily chart: After testing the 3,100 support level, the price has maintained a range-bound movement. If the subsequent range-bound movement does not break this support, there is still an upward trend.

  1. 1-hour chart: After a short-term test of the 3,000 resistance level, there has been a slight pullback. If the subsequent trend does not break this resistance, there is still a trend of continued decline.

I. Bitcoin

  1. Yesterday's view:

Summary: After the price briefly broke below the 62,000 support level, there was a rebound. If the subsequent rebound does not break this resistance, there is still a trend of continued decline. Support below is at 58,700 and 56,600; if it breaks above, it will initiate a rebound trend, with resistance above at 64,700 and 67,500.

  1. Subsequent trend:

After the rebound broke above the 62,000 level, it maintained a range-bound movement above it, reaching a high of 63,440.

II. Ethereum

  1. Yesterday's view:

Summary: After the price briefly broke below the 2,960 support level, there was a rebound. If the subsequent rebound does not break this resistance, there is still a trend of continued decline. Support below is at 2,800 and 2,680; if it breaks above, it will initiate a rebound trend, with resistance above at 3,050 and 3,190.

  1. Subsequent trend:

After breaking above 2,960, the subsequent trend returned below it, reaching a high of 2,996.

I. Bitcoin

Summary: After a short-term test of the 63,500 resistance level, there has been a slight pullback. If the subsequent trend does not break this resistance, there is still a trend of continued decline. Support below is at 60,500 and 58,000; if it breaks above, it will initiate a rebound trend, with resistance above at 66,000 and 68,500.

II. Ethereum

Summary: After a short-term test of the 3,000 resistance level, there has been a slight pullback. If the subsequent trend does not break this resistance, there is still a trend of continued decline. Support below is at 2,850 and 2,745; if it breaks above, it will initiate a rebound trend, with resistance above at 3,120 and 3,265.

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