5.19 Market Analysis: Bitcoin's False Breakout to the Upside, Bearish Strategy Has Taken Effect

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4 hours ago

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BTC: The price of Bitcoin peaked at 107,000 in the morning before starting to decline. This aligns with the previously emphasized final wave five rebound high point. A bearish engulfing candlestick has formed on the daily chart, and the upward trend line has been broken. From the current trend, there hasn't been a significant rebound, indicating that this position may break down to a new low, with strong support around 101,500 to watch for.

ETH: Currently, it is still within the upward trend line, but there are already clear signs of weakening. The key support is around 2,280-2,300. If it breaks below this level, the current rebound will be declared over.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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