​​​​​​​​​​​​Director’s 1073rd original daily market analysis 2023.5.12

1. Market sentiment:

2. Chart structure:

1、#BTC

#BTC  1H structure:

​       If you look closely at the current structure of the bitcoin, it is in the last decline. The current decline depends on whether it will form a 1H bottom divergence. However, I personally think that even if there is a 1H bottom divergence, it is estimated that it will not rise much.

​        The overall structure has a high probability of going downwards. We have been reminding you that the risk is gradually increasing. If we look downwards, the key support is still in the range of 26500-25500.

​       If it falls below 25,000 again, it will go directly back to the previous daily level center. The overall structure will be very unfriendly and it may return to around 20,000 later.

​        Of course, this is going too far, let’s just look at the present.

 

#BTC 15F structure:

​     At present, the third 15F decline of Laken is in a state of non-divergence, which means that there will be a fifth 15F decline as shown in the figure.

​    The overall downward structure shows that it is not over yet, and the risks remain the same as time goes by.

​    However, in the short term, as time goes by, it is favorable for the bulls. We will observe whether the decline will continue in the next two days. If it does not continue, there is a possibility of a rebound in the short term.

 

2、#ETH ：

#ETH 1H structure:

​        From the current trend structure, the trend structure of Yitai is also quite bad. At present, it is in a non-divergence state, which means that it will have to continue to fall. The important support of Yitai is in the range of 1700-1650.

​       It is not very far away at present, but it also means that the probability of this trend breaking down is relatively high, so just be patient and pay attention to the risks.

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​ ​ Tips

Investing is risky. For investment with spare money, remember to never fully invest and never take out loans. We only provide information, which does not constitute buying or selling advice. You are free to buy and sell at your own risk.