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BTC Mayday ▏Trading Notes 2024-5-6

CN
交易筆記
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1 year ago
AI summarizes in 5 seconds.

OK, the May Day holiday, the price quickly rebounded, and is jumping up according to the predicted script. At the current 64K level, the price was rejected by the 200MA. If the price cannot effectively reverse at the 200MA position, I expect the price to pull back to 61.8K in the short term, and then continue to move straight up!

The weekly chart closed with a long lower shadow, forming a Pinbar at 56.5K, creating a new low point. So, with the high point of 2021 as the center line, the top of the upper box is expected to be squeezed to the 81.7K position. What day in May? Let's wait and see!

ETH may enter the 4-hour interval high point of 3250-3300. I will remain cautious in this range and take profits on 75% of the position. If ETH falls to the 3000 level, then I will see a significant expansion to 4000, and I will buy back into ETH. The positive news in May will all promote its rise. The ETH/BTC trading pair will continue to rise, and ETH will undergo a price increase, being short-term stronger than BTC.

Recording my daily trades, sharing the most immediate thoughts and trading details, updated every trading day.

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