Market laws, twists and turns, reincarnation, internal cultivation, external practice, the road is long and far. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave to try. Different attitudes towards life lead to different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable. The success story of an investor is actually a history of learning and growth. The journey is arduous, but don't forget the original intention to achieve the end.
2024.5.5 BTC————————
After Bitcoin surged and fell back, the price stabilized above 63,000. On the daily chart, the price formed a new short-term support at 63,100, while 64,500 remains a daily resistance level. The MACD indicator shows signs of energy conversion between long and short positions, with the fast and slow lines forming a preliminary golden cross below the zero axis. After the price surged and fell back on the four-hour chart, it is gradually testing the support at 63,000. The left low of the 60,800-61,200 range is the key focus for the future. On the hourly chart, the price is operating in a Bollinger oscillating market, while paying attention to the support at 62,500 and forming a new short-term pressure at 63,500. In summary, it is suggested to short Bitcoin for a steady rebound.
Pending order:
Short at 64,500-64,800, with a stop loss at 500, and a target of 800-1500 points.
(The strategy can only be used once, and the placement can be arranged at will)
2024.5.5 ETH————————
On the daily chart, 3,130 is the current short-term resistance for Ethereum, with a focus on the 3,180 pressure level. The short positions at 3,120 and 3,150 from yesterday's layout only yielded tens of points in profit for the actual combat team members, which is not considered very perfect. On the four-hour chart, the price is operating in an upward Bollinger channel, with support at 3,040 below. If a new arc top is formed in the overall four-hour candlestick, it is suggested to focus on the support near 2,980. On the hourly chart, the price is running in a downtrend channel, and there are signs of volume opening up in the Bollinger three lines. If 3,080 is broken in the short term, direct attention can be given to the 3,030 level below. Those who still hold short positions at 3,150 from yesterday should pay more attention to the breaking strength. In summary, it is suggested to continue shorting Ethereum for the rebound.
Pending order:
Short at 3,180-3,220, with a stop loss at 30 points, and a target of 50-80 points or more.
(The strategy can only be used once, and the placement can be arranged at will)
This article is exclusively written by senior analyst Qin Chuan. He has been researching in the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, stocks, etc. for many years. Currently, he mainly guides contract operations, with a solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control. His operating style is steady and decisive, and he is recognized by the majority of investment friends for his amiable and responsible character, as well as decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge of candlesticks, please follow the public account: Zhao Qin Chuan.
Disclaimer: The above analysis content only represents the author's personal views and does not constitute specific operational advice. Trading based on this content is at your own risk. Investment carries risks, so market entry should be cautious.
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