Analyst Liang Qiu: 5.12 BTC ETH market analysis

BTC and ETH have once again entered a sideways consolidation in recent days, but the overall volatility of ETH is significantly larger. In fact, I have emphasized this to many friends over the past few days: regardless of bullish or bearish, as long as you have a bit more patience, you will always find the space to profit. BTC and ETH have encountered resistance and retreated at 105000 and 2600 multiple times, especially regarding Bitcoin, where the volatility is not very large and the continuation is weak. We will continue to monitor this resistance level. The four-hour Bollinger Bands have also started to show a narrowing trend and have begun to show a downward movement, indicating that there is further space for a decline in the market.

From the daily perspective, BTC and ETH have started to experience stagnation after a surge. We will continue to observe; if the upper pressure is not broken, we expect a pullback based on that pressure. According to the MA indicators, the recent short-term surge has been excessive, and a significant divergence has already appeared. The market has space for repair and consolidation, so we need to pay attention to the support situation during this repair and consolidation.

Trading recommendations BTC: Short from 10.43 to 10.48, target 10.28; ETH: Short from 2530 to 2550, target around 2460.

[The above analysis and strategies are for reference only, please bear the risks yourself. The article review and publication do not have timeliness, specific to real-time standards]#MOODENG & PI & GOAT大涨 #CPI数据将公布 #ETH近3日大幅上涨