5.22 Early morning Bitcoin and Ethereum market analysis ~ Bitcoin is close to a new high, can Ethereum catch up?

CN
孟晓瀚
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9 hours ago

The midday update on the pullback strategy has once again grasped the market. Bitcoin did not get in due to the overly conservative entry points, while Ethereum successfully entered, capturing a profit of 50-60 points, which is quite good for short-term trading. Congratulations to those who followed along.

Currently, after the closing in the early morning, looking at the 12-hour chart, Bitcoin has broken out and is running along the upper Bollinger Band. The KDJ and MACD indicators show a bullish resonance upward trend, and the TD indicator has reached TD5. According to the current trend, as long as the K-line does not change its shape, the upward trend will not be disrupted. On the 4-hour chart, the price is currently running along the upper band, and the Bollinger Band is still in a breakout state. Additionally, there is a gap between the current price and the MA5-day moving average. It is expected that the early morning trend will first have a slight pullback before continuing to rise. Therefore, for the early morning market, my personal view is to follow the trend and maintain a pullback low entry strategy. Set a good stop-loss to avoid being controlled by market manipulators.

Trading strategy: Buy at 107500 - add to position at 106500. Target: 109500 - 111000. Stop-loss: 106000.

Ethereum's overall trend is basically in sync with Bitcoin, but the upward trend and momentum are somewhat weaker. Therefore, during the day, we should follow the trend and maintain a pullback low entry strategy. Trading strategy: Buy at 2550 - add to position at 2500 - Target: 2580 - 2650. Stop-loss: 2480. This is expected to be sufficient for the short-term trend, and I will continue to follow up later.
This personal view is for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy, and everyone is welcome to like and follow the public account for surprises!

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