May 26th Bearish Analysis: ETH, BCH, LTC Market Analysis
Last night, the price finally rebounded to around 69600. Following the previous suggestion to enter a short position decisively between 69700 and 69400. Although the lowest point did not reach our target of 68500, it eventually reached around 68800, making a small profit of 800 points. Every investment is an opportunity as well as a trap. Seizing the moment and securing the gains is our ultimate goal. Stability is key!
ETH/4-hour Chart
From a 4-hour perspective, the price is close to the middle band of the Bollinger Bands, and the band is gradually narrowing. With reduced weekend market volatility, it may enter a period of consolidation. The MACD indicator shows a weakening of bullish momentum in the market, with the DIF line below the DEA line and the green bars gradually shortening. Bearish momentum is weakening, possibly entering a consolidation phase. The price is running above MA5 and MA10, indicating relatively strong short-term trends, but attention should be paid to whether it can sustain above MA20. Overall, there is not much to look forward to over the weekend. The market makers have performed well in maintaining a steady performance. Currently, stabilizing at 3780 is necessary to move towards the pressure level of 3840. Otherwise, it may continue to fluctuate in the range of 3830 to 3630 today.
Resistance: 3830, Support: 3630
BCH/4-hour Chart
The current price is hovering near the middle band of the Bollinger Bands, with slight short-term downward pressure but strong support. MA20 and MA60 show a relatively stable medium-term trend, with no clear upward or downward trend. The MACD indicator shows a shortening of the red bars, even turning green, indicating a possible continuation of the upward trend, with the target price above the upper band (508.8) or even higher.
Resistance: 502~515, Support: 473
LTC/4-hour Chart
The current price is between the middle band and the lower band of the Bollinger Bands, indicating a period of consolidation with slight short-term downward pressure. If the price retraces to around 84 near the lower band of the Bollinger Bands and receives support, and the MACD indicator shows a shortening of the red bars, it may be considered to buy at this level.
Resistance: 87.5, Support: 84
Investment Philosophy
Emphasis: The cryptocurrency market is different from other financial investments. It is crucial to grasp the news. Without professional analysis of the news and relative technical analysis skills, entering the market rashly, how many retail investors can avoid losses? However, after suffering losses, it is important to find a way. Failure is the mother of success. In fact, most people, including you reading this article now, must have suffered from the harsh reality at the beginning of doing business. Later, because you spent a lot of effort studying how to do business well, through continuous absorption of new information, continuous learning from others' advice, and continuous learning, you have achieved what you have now. Similarly, in spot investment, there is no undefeated general at the beginning of entering the market. Only through continuous reflection on the gains and losses, summarizing one's own shortcomings, and then correcting them is the most important thing. The market is not scary, what is scary is your fear of it.
Wish: Investment is a long-term matter. Only by looking at investment with a mindset full of learning can your investment journey go further. If you are a retail investor, you might as well communicate with the bearish analyst. Adding an analyst friend will not cause you any loss, on the contrary, it will greatly help you. If you think your teacher is very professional, do not blindly pursue trading. You might as well ask him for more technical and trading skills, market judgment. I believe your teacher will be happy to teach you. Furthermore, communicate with the bearish analyst, and I will be happy to help you. If you are losing in your investment journey, or if you have recent trapped positions, I will help you to the best of my ability to get out of the trap and formulate a profitable plan for you.
The above is personal advice, for reference only. Investment carries risks, and trading should be cautious. Put risk first, and then plan for profit. There is no chicken soup, no exaggeration, only solid practical experience to create stable returns for everyone. Posting has a delayed market, and the mentioned points in the article do not serve as a basis for following orders. For more real-time market analysis, please follow the official account above for discussion and communication.
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