May 15th, Empty Bao: Tonight's CPI Explanation and Ethereum Market Analysis
The April CPI data to be released at 8:30 tonight is highly anticipated. Based on the current market expectations, as long as the data is not too out of line, the negative impact on the market should not be too significant. After all, the sticky inflation over the past two months has been fully anticipated by the market. Even if the data slightly exceeds expectations, it will not cause market panic. On the contrary, if the data is in line with or better than expected, the participation of funds in the market will significantly increase, which will have a positive impact on the market. However, we should also remain vigilant and pay attention to the continuous release of other economic data in order to comprehensively assess the economic situation. In short, the release of tonight's data is worth looking forward to, and market participants and observers should remain calm and make reasonable investment decisions based on the actual situation.
Jin10 data is one step ahead https://rili.jin10.com/day/2024-05-15
I, Empty Bao, will provide real-time online guidance and teaching tonight. Are you ready to accept the challenge? Let's learn and grow together!
ETH Daily Chart
From the daily chart perspective, after reaching a new high in the bull market, the recent market trend has shown a fluctuating downward trend, overall within a channel, with the Bollinger Bands maintaining a downward trend and the MA5 moving average showing a slight flattening. The market trend is relatively weak. The key resistance on the daily chart is currently around 3000-3050.
From a technical indicator perspective, the market is currently in a relatively awkward situation, with both long and short sides fiercely competing. Only when breaking through the resistance and support levels can the market experience a larger fluctuation and have the momentum for significant volatility. Currently, the market lacks a clear trend, so caution is needed to avoid blindly chasing highs or selling lows. We look forward to the performance of the market tonight.
ETH Four-Hour Chart
From the four-hour chart perspective, Ethereum still appears to be weak, showing a six consecutive bearish trend on the four-hour chart, and then stabilizing near 2860, followed by a gradual warming of the bulls. However, overall, the momentum of Ethereum's price oscillation remains insufficient. From a technical indicator perspective, the moving average indicators still maintain a bearish arrangement, indicating the overall market trend. In terms of volume, although there has been some improvement, it still remains in a bearish trend. If the data released tonight fails to break the key resistance at 3000, the bearish trend will remain unchanged, but the strength and sustainability of the rebound still need to be observed, so position and risk control should be managed.
Resistance levels: 3000, 3050
Support levels: 2860, 2800
If the upper level does not break 3000, it is recommended to short in batches at 2940-2970 on the rebound, with a stop loss at 3000, and the target is to continue holding after breaking 2860.
Take life seriously, life itself is a hyperlink, this time it's pain, next time it's a surprise, destiny will always favor you, life treats everyone fairly, and the market is the same. Maybe you are not doing well now, but it won't be like this forever. One day, you will have it. Gain it, I'm lucky; lose it, it's my fate. I don't believe in fate, because if I can change your fate, I can change mine.
Experience happiness, enjoy investing. Investing is not your job, home is your eternal haven. Facing setbacks, giving up is a shame, facing them is a responsibility!
The above is a personal suggestion, for reference only. Investment involves risks, so trading should be cautious, prioritizing risk and then planning for profit. There is no empty talk, no exaggeration, only solid practical experience to create stable returns for everyone. The release of the article may have delayed market changes. The mentioned price levels in the article do not serve as a basis for following orders. For more real-time market analysis, please follow the public account above for discussion and exchange.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
