5.19 Bullish and Bearish Trend Change! Real-time Market Prediction Analysis for Monday!
In the evening, Bitcoin and Ethereum surged again; are the bulls making a strong comeback? This week, we have been bullish all the way; the evening market surged but did not break through the key resistance level of 105800. After Bitcoin touched the high point of 105000, it faced pressure and the bullish momentum slowed down. In terms of Ethereum, the upward momentum was also insufficient, stopping and slowing down after reaching the high point of 2580. This strong bullish stretch aligns with most of our expectations.
Due to the need for time to correct indicators, the market requires an adjustment period in the short term. The specific form of correction may be a high-level adjustment or a pullback adjustment, depending on the overall dynamics of the market. The current price is under short-term pressure, with the trend leaning downward and possibly accompanied by multiple peaks and pullbacks. It is advised to short at continuously rebounding highs; while a pullback trend exists, it is not a one-sided decline, but rather a main trend of fluctuating downward. Therefore, the overall trend will frequently saw, and within a smaller cycle, we should mainly focus on the trend of pullbacks. Long-term short positions can be laid out in batches.
Operational Suggestions:
Short Bitcoin at 105500-106000, target around 102500-98000. Stop loss at 106500.
Short Ethereum at 2580-2620, target around 2450-2300. Stop loss at 2660.
