Analyst Liang Qiu: 5.23 Bitcoin/Ether alternate rise may still have room for growth

Since Bitcoin rose to 112000 yesterday, it has entered a sideways consolidation state, with relatively small pullback strength, and the lowest pullback only reached around 110400, indicating a significant strengthening of the overall trend. Meanwhile, Ethereum has also been continuously oscillating and rising during Bitcoin's consolidation period, presenting an alternating upward pattern structurally, with further upward space not ruled out. In yesterday's article, it was also mentioned multiple times that the overall trend is strong, with a bullish outlook on the larger trend. In the absence of a clear downward break, short-term operations are the only option for traders. Ethereum's lowest pullback yesterday was only around 2600 before starting to rebound, requiring timely and flexible adjustments during the process of transitioning between long and short positions.

The recent price fluctuations above 110,000 and 2,600 on the Bitcoin/Ethereum candlestick pattern have formed a volatile upward pattern. A long upper shadow appeared on the daily chart of Bitcoin, indicating that there was more pressure on the top, but there was no obvious retracement and it was also a stage of accumulation, and Ethereum had a significant pullup. On the technical indicator, the 4-hour period MACD is in the positive area, but the histogram is shortened, indicating that the strength of the bulls has weakened, and it is possible to enter the adjustment stage, waiting for the finishing to be completed before pulling up.

Trading Suggestions BTC: Enter around 109500 to 110300, target around 112800; ETH: Enter around 2650 to 2670, target around 2750. Bitcoin currently has relatively small overall space, while Ethereum is expected to make up for the rise. If it breaks 2750, look for around 2850.

[The above analysis and strategies are for reference only, please bear the risk yourself. The article review and publication do not have timeliness, and the specifics are subject to real-time data] #MOODENG & COOKIE上涨 #Staked TRX ETF申请 #山寨行情即将到来吗