BTC has recently been fluctuating at a high price level, showing multiple bearish candles, indicating significant selling pressure in the market. On the daily chart, a descending trend pattern has formed, with several consecutive days closing at a price lower than the opening price. The MACD on the 4-hour timeframe is in the negative region, and the fast and slow lines are crossing downwards, suggesting a potential continued weakness in the short term. The RSI value is close to the oversold zone but has not entered an extreme oversold state, indicating there is still some room for a pullback. It is recommended to enter at high levels during the day.
The operating suggestion is to enter a position for BTC around 102500 to 103000, with a target near 100500. For Ether, enter a position around 2450 to 2480, with a target near 2400. Market conditions are constantly changing, so friends entering the market should focus on real-time guidance #特朗普宏大减税法案 #贸易战缓和 #美SEC主席发言 .
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Xiaoyao KOL: BTC Ether midday market analysis 5.13
BTC has recently been fluctuating at a high price level, showing multiple bearish candles, indicating significant selling pressure in the market. On the daily chart, a descending trend pattern has formed, with several consecutive days closing at a price lower than the opening price. The MACD on the 4-hour timeframe is in the negative region, and the fast and slow lines are crossing downwards, suggesting a potential continued weakness in the short term. The RSI value is close to the oversold zone but has not entered an extreme oversold state, indicating there is still some room for a pullback. It is recommended to enter at high levels during the day.
The operating suggestion is to enter a position for BTC around 102500 to 103000, with a target near 100500. For Ether, enter a position around 2450 to 2480, with a target near 2400. Market conditions are constantly changing, so friends entering the market should focus on real-time guidance #特朗普宏大减税法案 #贸易战缓和 #美SEC主席发言 .