Pionex: Bitcoin Latest Market Analysis on May 21

Article Published on 2025.5.21----0:10

The current price of Bitcoin is 105,300. After some fluctuations, the market has returned to this range, with the high position successfully reaching 10.45. The practical record of space has been updated for everyone to refer to. Thank you for your attention. Currently, the market is facing strong resistance at the 107,000 level. The MA indicator shows a small gap between the short-term and long-term moving averages, indicating high market uncertainty. The MACD indicator shows that market momentum is weakening, and there may be continued downward pressure in the short term. In the short term, prices may continue to fluctuate within the current range. Therefore, Pionex suggests that cryptocurrency friends maintain a wait-and-see approach in the current volatile market. Short-term operations should focus on support and resistance levels, using breakouts or pullbacks as trading signals, and managing risks appropriately. Additionally, from a technical perspective, the K-line shows a doji star at the bottom, which may indicate a support level. The top and bottom formations create local tops and bottoms, and the belt-holding line indicates a strong bullish trend. The strategy is to primarily focus on buying low and selling high.

Today's Reference Points:

• Long Entry Point: 102,500, Stop Loss: 102,000, Target: 105,000
• Short Entry Point: 107,000, Stop Loss: 107,500, Target: 104,500

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,483, with the rebound not meeting expectations. Currently, the market shows signs of a pullback after an upward movement. At this stage, the MA trend is filled with uncertainty. The K-line pattern shows a belt-holding line and three black crows, indicating a shift in bullish and bearish forces. Pionex reminds everyone that the pregnant line pattern may signal a potential reversal, especially as trading activity near key resistance and support levels increases market directional uncertainty. The MACD momentum switch also indicates that the market is searching for direction. In the short term, if the pregnant line pattern breaks upward, it may create a short-term bullish sentiment. Therefore, Pionex suggests waiting for confirmation of the pregnant line pattern breakout before taking action. Cryptocurrency friends can buy high and sell low within the fluctuating range. Medium to long-term investors should pay attention to changes in trading volume and moving average crossovers to determine the medium to long-term trend direction. If the price successfully breaks and stabilizes above 2,600, then consider increasing positions; however, if it fails to stabilize above this level, cautious operations are advised to prevent further pullback risks.

Short-term Strategy Reference:

• Long Entry Point: 2,400, Stop Loss: 2,350, Target: 2,550
• Short Entry Point: 2,600, Stop Loss: 2,630, Target: 2,500

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 help others with dreams find their place in this ever-changing market and embark 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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