JyJingyan

May 15 / Market Analysis
In a high-level box oscillation, the daily chart is under pressure and pulling back, showing a short-term weakness, but the medium-term structure remains intact. Capital within the market is still engaged in a stock game, currently mainly digesting profits through oscillation.
Short-term resistance is still at 82,000-83,000, with strong short-term resistance repeatedly pushing higher and then falling back, forming a small double top suppression. As long as there is no volume breakout with a solid move, it remains a large-scale short position.
Support below is around 78

Always getting trapped when going long, going long like a dog.

#BTC
Currently, the market is mainly oscillating at high levels, with a bullish squeeze structure. Resistance above is dense, and the short-term battle between bulls and bears is intense. The trend is leaning bullish, and chasing highs is risky at this stage.
Short-term support can be referenced around 80,200-79,200, based on this upward trend line and the support zone at the highs and lows. A pullback to confirm can be considered for entry.
Resistance above is around 82,000-82,800 (the densest area for short-term bears). If not broken, the market will continue to oscillate; if broken, it cou

The rebound after reaching the neckline support here on ETH has already been realized. During the slow upward rebound, be sure not to hold below 2340; the red pattern could very likely repeat. On the daily timeframe, the bearish momentum is a bit weaker than BTC’s. $ETH ‌#Gate广场五月交易分享

May 13th Bitcoin and Ethereum Market Analysis
Bitcoin briefly dipped below $80,000 last night but quickly recovered after. During the first half of the night, it experienced a synchronized pullback due to the decline in U.S. stocks. The support level at $79,800 was confirmed as effective, providing a good foundation for the bulls. Currently, it has re-entered the support zone with long positions, continuing to look toward new highs. Data shows Bitcoin’s market share has risen back to 60.5%, indicating the crypto market will enter a consolidation phase, with funds likely to focus on Bitcoin i

May 13th, last night CPI showed a steady rebound, and the US stock market was stuck at 1.618, also forming a doji star for a pullback.
Bitcoin also formed its second daily top here.
Trump is about to visit China; theoretically, there shouldn't be a significant pullback in US stocks during the visit, political factors are at play here. But if this level isn't broken through next, after the visit to China ends, will it? #Gate广场五月交易分享 $BTC

The rebound here after reaching the neckline support on ETH has already played out. Be cautious that during the slow upward rebound, if it doesn't stabilize above 2340, the red trend could very likely repeat. The daily-level downtrend is somewhat weaker than BTC's. $ETH ‌#Gate广场五月交易分享

Whether going long or short, you always need to find an angle you like~ Anyway, as long as you can sleep well, a good long or short position that allows you to sleep peacefully is a healthy position.
$ETH ‌#Gate广场五月交易分享