Pionex: Bitcoin Latest Market Analysis on 5.19

Article Published on 2025.5.19 ---- 0:30

The current price of Bitcoin is 105,500, and the market has once again reached the previous high resistance level. The trend is undoubtedly bullish. From a short-term perspective, although there are signs of accelerated price increases, there is a risk of a short-term pullback at any time. Therefore, it is recommended that if the price falls back to the support level around 104,000 and stabilizes, one may consider increasing their position while holding some portion of their position for observation in the short term. At the same time, be cautious of the risk of a short-term pullback, set reasonable stop-loss levels, and guard against adjustments after excessive price expansion. Overall, pay attention to the market's reaction to the round number 106,000.00; if it breaks through effectively and the volume remains strong, further position increases may be considered.

Today's Reference Points:

• Long Entry: 104,500, Stop Loss: 104,000, Target: 106,000
• Short Entry: 106,000, Stop Loss: 106,500, Target: 104,500

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,578. It is advised to pay attention to the short-term market, as it may maintain a certain upward trend. With the appearance of a MACD golden cross and a resurgence in trading volume, bullish momentum is gradually increasing, and the market may show signs of a rebound. However, the RSI indicator shows a risk of short-term overbought conditions, so one should be wary of the pullback pressure at high levels. Therefore, it is recommended to operate cautiously, maintain a wait-and-see attitude, or take light long positions. Pay attention to market reactions as the price approaches key resistance levels to determine whether to make more decisive buying actions. The technical analysis shows a doji and a top formation, indicating potential downside risks, while the appearance of three black crows is a strong bearish signal, all of which we need to be aware of.

Short-term Strategy Reference:

• Long Entry: 2,450, Stop Loss: 2,420, Target: 2,550
• Short Entry: 2,700, Stop Loss: 2,730, Target: 2,550

The above is a brief analysis by Pionex regarding the current market situation for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to assist others with dreams in finding their place in this unpredictable market and embarking on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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