Analyst Liang Qiu: Evening Market Analysis for Bitcoin on May 20

CN
1 day 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. Bitcoin has recently shown a wide range of fluctuations again, but while the volatility is large, the space is also relatively large. Currently, after Bitcoin surged again in the morning session, it has retraced. In fact, we laid out long positions multiple times last night, and during the morning session, we entered short positions all the way, including still holding a short position mindset now. After all, when the trend comes, we should follow the trend. The four-hour level market has once again surged and then retreated, currently reaching the middle track of the Bollinger Bands. The market will continue to decline, focusing on the short-term support levels of 2400 and 102800.

Bitcoin's K-line pattern has recently shown price fluctuations at high levels, forming multiple long upper and lower shadows, indicating a significant divergence between bulls and bears in the market. The daily level has shown consecutive bearish candles, indicating strong selling pressure in the short term. On the technical indicators, the 4-hour MACD is in positive territory, but the fast and slow lines are gradually approaching, and the momentum bars are shrinking, which may face adjustment risks. Don't be fooled by the current large retracement,

there is still room for adjustment in the evening. Evening operation suggestions: BTC: 104500 to 105000 range, target around 103000; ETH: 2480 to 2500 range, target around 2400.

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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