Analysis of Bitcoin and Ethereum Market on the Evening of May 15~ The market has formed a rounded top pattern, and bearish pullback sentiment is strong.

CN
孟晓瀚
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7 hours ago

The early morning analysis article suggested a short position for Bitcoin at 10.36 and for Ethereum at 2610-2640. In the latter half of the night, there was a rebound reaching the entry price. Bitcoin managed to capture a space of 1800+ and Ethereum saw a profit of 100+. For short-term trading, this is still quite good. Friends who followed along also reaped substantial rewards.

Looking at Bitcoin in the evening, the daily chart is still in a high-level consolidation and correction phase, with indicators leaning towards bearish sentiment. Combining this with the 12-hour chart, the current short-term high resistance is around 103500. All indicators are showing signs of consolidation and correction, and the daily K-line is about to form a rounded top pattern. If the price attempts to break upwards but fails to effectively surpass the short-term resistance at 103500, it can be confirmed that the price will retrace to the support level of 100000. Therefore, for the evening to early morning, my personal view remains focused on short-term high-level operations. Trading strategy: Short at 102800-103500. Target: 101500-100000. Stop loss: 103800.

Ethereum is currently moving in sync with Bitcoin, with an overall trend leaning towards consolidation and correction, and its highs are continuously declining. If it breaks below the short-term support at 2510, the bearish trend will accelerate towards the range of 2430-2400, which is just a matter of time. Therefore, the short-term strategy is to take short positions on rebounds. Trading strategy: Short at 2550-2580. Target: 2500-2450. Stop loss: 2600.

This is just my personal opinion for reference; please exercise caution when entering the market.
This is just my personal opinion for reference; there may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be guided in real-time, so please be cautious when entering the market.

Writing analysis articles is not easy; I welcome everyone to like and support. A scientific and reasonable trading system, along with position control and risk management techniques, can help you reach greater heights! It will guide you out of confusion and darkness! Just like you, who are still indecisive at this moment, hurry up and scan the QR code to follow for surprises and real-time market analysis.

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