Fuxi Community Live: Countdown to Changes - From BTC Double Top to ETH Long term Fluctuations

Click on the link to enter the meeting: https://meeting.tencent.com/p/9309732027 At the daily level of BTC, the short-term price structure is clearer. Bitcoin failed to rise to 83500 for the first time on May 6th and then fell back. The second attempt on May 11th still failed to effectively break through the previous high. After two failed attempts to reach the top, a clear double top prototype was established in the naked K-form, and the market subsequently weakened, gradually testing the low-level support in the early stage. In terms of resistance above, $80000 is the first psychological barrier, which has previously become the boundary for repeated price testing. Near $80700 is a clear downward trend line resistance level, and if the price cannot break through this point, the short-term downward trend is difficult to reverse. In terms of downward support, $79200 is the recent short-term support level, while $78800 is the previous swing low support level, where the price has rebounded. The key range below is between $76000 and $77000. At daily and below levels, ETH's trend is significantly weaker than Bitcoin. The current price is fluctuating within the range of $2285 to $2300, and the overall trend shows a typical contraction consolidation feature. The 4-hour level price oscillates narrowly between the two moving averages of EMA50 (around 2275) and EMA20 (around 2314), neither breaking through the upper track nor falling below the lower track. In terms of downward support, $2250 is the most urgent defense line, both at the position of EMA50 and near the daily low on May 12th, which has been repeatedly retraced but not broken. If this area falls, the next support is at $2220-2240. In terms of upper resistance, the range of $2310 to $2320 is the proximal resistance band, $2314 is the 24-hour high point, and the area near $2320 is the intersection of the 4-hour MA30 and MA120. The stronger resistance is located between $2336 and $2367, which is the area where the previous support turned resistance, and multiple tests have failed to effectively break through. Tencent Meeting Number: 930 973 2027 Join the Fuxi Community and enjoy a variety of service offerings 1. Daily morning market analysis to confirm the direction of intraday trading. 2. Join the member group to enjoy live streaming with orders in the evening; Fixed weekly technical course content. 3. Answer market and order evasion questions at any time within the group, and develop solutions to resolve them. 4. "Price Behavior Trading", "Breakthrough ABC Trading Law", "Four Line Battle Method" 5. Combining candlesticks with indicators for multi period resonant trading. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.