5.13 Market Trend Analysis and Strategy: #ETH# #BTC# #PI# #GT# #GateioInto11#

Yesterday, after Auntie Tai surged to a high of 2624, it consolidated and then declined, with a double bottom at the lowest point of 2406, which is basically consistent with the 2417 position analyzed above. The short positions around 2430 have already taken profits, congratulations to those who followed the short positions. Most of the long positions near 2417 have followed the pace of adding positions, waiting for the bullish market to hit the top for profit-taking. The bullish position can be looked at around 2624.

The hourly chart shows a bullish trend, with recent prices on the rise, reaching the upper Bollinger Band and above the moving average system. In the short term, the price has strong upward momentum but faces the risk of being overbought, which could lead to a pullback or adjustment, especially as it approaches the upper Bollinger Band and the historical resistance level near 2624.00. On the weekly level, we cannot rule out the possibility of a large bullish candle, moving up towards the 2736 and 3050 positions.

Suggestion: If holding a long position, closely monitor the price performance near the upper Bollinger Band and the resistance level around 2417, considering timely profit-taking or reducing positions. If the price breaks through 2624.00 and stabilizes, consider chasing higher; if the price retraces to near the middle Bollinger Band, one can seek to establish a long position at lower levels. Treat short-term pullback risks with caution and remain flexible to respond to market changes.

Looking at the 4-hour chart, it is in an upward trend and currently still in a strong zone, with the price around 2549.10, close to the 0.5 Fibonacci retracement level of 2736, which is an important resistance point.

Technical Indicators: Candlestick Patterns: The Red Three Soldiers pattern indicates strong short-term buying pressure, accompanied by a bullish arrangement of moving averages, which may continue to rise.
RSI: The RSI has entered the overbought zone, indicating strong market conditions but close to potential pullback risks. Volume: Recent trading volume has increased, supporting price upward movement, with bulls dominating the market. MACD: The DIF and DEA have formed a golden cross, enhancing bullish momentum, and the market may stabilize and rebound. KDJ: The KDJ indicator is approaching the overbought zone, indicating strong market conditions but may face a pullback.
BOLL: The current price is slightly above the upper Bollinger Band, and the market is in an overbought state, requiring attention to pullback pressure. MA: The bullish arrangement is significant, and the short-term price trend is strong, breaking through key resistance levels.

Trading Strategy: In a short-term bullish market, watch the key level of 2624. If it effectively breaks 2624 with volume, it can be bullish up to the resistance level of 2736. The support levels below are at 2474 and 2417.

如果走振荡区间行情2624-2417区间,看2540、2577两个位置,同时大饼有小时线回调迹象,高空低多,做好每单止损设置,因为上周上周涨的太猛,preventing a waterfall-style crash. 具体交易操作,可加关注,需结合实际行情走势。