Crypto News
May 18th Hot Topics:
1. Founder of Tianqiao Capital: Institutions will accelerate the adoption of Bitcoin in the coming quarters.
2. Long funds of a certain whale have increased to 5,683 ETH.
3. The net inflow of the US spot Bitcoin ETF on May 17th was approximately 251 million USD.
4. Federal Reserve Board Member Bauman: Inflation will remain high for a period of time.
5. GameStop plans to sell up to 45 million shares, with a market value evaporating by over 8 billion USD in three days.
Trading Insights
Avoid risks and stop losses in time:
Traders should remember the "crocodile rule." The crocodile rule refers to when a crocodile bites your foot, if you try to use your hand to free the bitten foot, the crocodile will take the opportunity to bite your hand and foot at the same time. The more you struggle, the more the crocodile will bite. Therefore, when a crocodile bites your foot, the only way is to stop the loss in time and decisively sacrifice one foot.
The market is a continuous process of self-cleansing. Stop-loss, position management, mindset, and so on, often neglecting any one of them may lead to heavy losses or even liquidation. Therefore, improving oneself, being strict with oneself, respecting the market, will lead to long-term success in the investment market!
Search for the public account: "Big White Coin"
BTC
Analysis
Bitcoin rebounded all the way yesterday, reaching a high of 67,433 and being blocked. The trend and mindset are consistent. Congratulations to friends who followed the long position for making a profit. Currently, the price is running near 66,860. The short-term uptrend on the four-hour chart is blocked, with three consecutive negative K-lines falling back, and the MACD's long position is shrinking with the convergence of the two lines, showing a death cross. The current trend is biased towards emptiness, but pay attention to whether the MA7 support can be broken. If the pullback does not break, the short-term trend is still bullish and there is a possibility of an upward move. From the daily chart perspective, the bulls are still strong, with little pressure near 67,000, and there is a possibility of breaking through at any time. Once it stabilizes, pay attention to the next position near 70,000. The strategy suggests focusing on low long positions, with resistance above at 67,800-68,300 and support below at 66,500-65,800.
ETH
Analysis
After Ethereum's sideways adjustment yesterday, it made a strong upward move at noon, reaching a high of around 3,120 and being blocked. Congratulations to friends who followed the strategy for making a profit of over 100 points. Currently, the price is running near 3,110. Although the four-hour K-line fell back and closed negative, it did not continue, and the market rebounded again with support from the MA200, indicating a strong bullish trend. The MACD gradually increased with the golden cross of the two lines, and there is a sign of breaking the previous high on the market. From the daily chart perspective, the market stabilizes and the bottom gradually rises. If Ethereum lives up to expectations and closes with a large bullish candle, there is still continuation. Pay attention to around 3,200, and long positions should continue to hold. As always, one should always believe in Ethereum, with resistance above at 3,150-3,200 and support below at 3,070-3,050.
Disclaimer: The above content is for personal opinions only and is for reference only! It does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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