Analyst Liang Qiu: On May 11, Ethereum once again made a strong pump, Bitcoin/Ethereum alternately pump.

Bitcoin and Ether surged overnight again, especially Ether which once broke through the 2600 mark in the early session before retreating, showing a clear strengthening trend overall. The market in the past few days has also shown a significant alternating rising trend, and the pump market has not yet ended. Our strategy of going long first and then short yesterday resulted in some unfortunate stop losses on the short positions. With Ether breaking through the 2500 mark, it will enter the range of 2500 to 2700 for trading, and there is further room for the market to pump. This is consistent with the analysis from yesterday's daytime session; the strong breakout in the market indicates that Ether will once again see a rebound.
The Bitcoin Ether K-line pattern shows that the recent price is operating above 10.3 and 2300, forming a relatively obvious oscillating upward range. In the daily cycle, it has also experienced a significant rise, followed by an adjustment phase. In terms of technical indicators, the 4-hour cycle shows that the MACD histogram has turned from positive to negative, indicating that there may be short-term adjustment pressure. The daily cycle is still in a bullish trend, but the momentum is weakening. The Bitcoin Ether has broken through the low point area of the short-term 4-hour horizontal oscillation, and the daily high point continues to appear, indicating a clear bullish trend, with the support of the lower low points moving up. Pay attention to the short-term support at 10.3 and 2450.
Operation suggestions BTC: Buy at 10.3-10.35, target around 10.5; ETH: Buy at 2480 to 2510, target around 2580. #Launchpad 首发上线 PFVS#