May 26th, Kungu: High-level oscillation continues, how will the long and short sides determine the future market?

CN
7 months ago

High-level oscillation continues, how will the long and short positions be determined in the future?

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  1. Daily chart: After the price tested the 60,000 support level and maintained oscillation above it, a future pullback without breaking this level is still an upward trend.

  1. 1-hour chart: After a short-term breakthrough above the 66,000 level, there was a slight pullback. If the pullback does not break this support in the future, there is still a trend of continued upward movement.

II. Ethereum

Daily chart: After oscillating and testing the 3,100 support level, the price rose again. If there is no pullback below this key level in the future, it is still an upward trend.

  1. 1-hour chart: After a short-term breakthrough above the 3,550 level, there was some adjustment. If the future trend does not break this support during a pullback, there is still a trend of continued upward movement.

I. Bitcoin

  1. Yesterday's view:

Summary: After a short-term breakthrough above the 66,000 level, there was a slight pullback. If the pullback does not break this support in the future, there is still a trend of continued upward movement. Resistance above is at the 71,300 and 74,000 levels; if it breaks below, it will initiate a pullback trend, with support below at the 63,200 and 60,400 levels.

 2. Future trend:

The future trend saw a narrow oscillation after a pullback that did not break the 66,000 level, reaching a high of 69,622.

II. Ethereum

  1. Yesterday's view:

Summary: After a short-term breakthrough above the 3,550 level, there was some adjustment. If the future trend does not break this support during a pullback, there is still a trend of continued upward movement. Resistance above is at the 3,880 and 4,030 levels; if it breaks below, it will initiate a pullback trend, with support below at the 3,400 and 3,220 levels.

 2. Future trend:

The future trend saw a narrow oscillation after a pullback that did not break the 3,550 level, reaching a high of 3,782.

I. Bitcoin

Summary: After a short-term breakthrough above the 66,000 level, there was a slight pullback. If the pullback does not break this support in the future, there is still a trend of continued upward movement. Resistance above is at the 71,300 and 74,000 levels; if it breaks below, it will initiate a pullback trend, with support below at the 63,200 and 60,400 levels.

II. Ethereum

Summary: After a short-term breakthrough above the 3,550 level, there was some adjustment. If the future trend does not break this support during a pullback, there is still a trend of continued upward movement. Resistance above is at the 3,880 and 4,030 levels; if it breaks below, it will initiate a pullback trend, with support below at the 3,400 and 3,220 levels.

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