Analyst Liang Qiu: Evening Market Analysis for May 17th Bitcoin Auntie

CN
5 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

You can follow the public account Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. Yesterday, Aunt Bitcoin repeatedly set up positions above 104000 and 2600, and the market has successfully declined multiple times, overall the setup is quite good. Currently, the market is in a weak oscillation and decline, with relatively small rebound strength, and the overall trend remains weak. The daily line has shown a continuous bearish trend, and looking at the MA indicators, the 7-day, 10-day, and 30-day moving averages have all turned downward, indicating that there is further room for decline. The upper resistance levels to watch are still 2550 and 104000.

On the four-hour K-line, Aunt Bitcoin continues to close in the red, with MACD forming a death cross and crossing below the zero line, indicating a dominant bearish trend. Current support is at 101000 and 2380. If it continues to break down, there is more room below. The K-line pattern has formed multiple long upper shadows, showing obvious signs of a weakening trend.

Evening trading suggestions: BTC: Long from 103300 to 103800, target around 101500; ETH: Long from 2490 to 2510, target around 2410.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner, with specific operations based on real-time guidance. For more strategies, you can follow the public account: Analyst Liang Qiu bb.

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