Market laws, twists and turns, cycles change, internal cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable challenges; the success story of an investor is actually a history of learning and growth. Through hardships, one must not forget their original intentions to achieve consistency.
2024.5.31 BTC————————
On the daily chart, Bitcoin has started oscillating downward overall, but the support around 65500 has gradually formed over time. It is suggested to continuously adjust the long positions at high points and pay attention to establishing long positions at the support level below. Alternatively, you can aggressively consider short positions to test the strength of the support, as the daily MACD has shown a volume conversion and the fast and slow lines have formed a death cross at a high level. However, the suggestion from Qin Chuan is still to focus on establishing long positions at the support level, which means positioning for a rebound. In the short term, on the four-hour chart, the price has entered the upward channel of the Bollinger Bands. The support level to watch is around 68100, and the level below 67200 remains a key support level for trend reversal. The MACD on the chart shows increasing bullish volume, indicating an overall bullish trend on the four-hour chart. Currently, on the one-hour chart, the price is supported at 68300 and is showing an overall upward trend in the morning. Taking all the above into consideration, the main suggestion for Bitcoin's future is to steadily position for a rebound.
Pending orders:
Long at 65500-65800, with a defensive position of 500 points, targeting an increase of 500-800 points or more!
(Strategy activation can only be used once, and the placement of the take-profit is at your discretion)
2024.5.31 ETH————————
The situation of Ethereum's daily chart is very severe, with three consecutive bearish candles. As the weekend approaches, Qin Chuan believes that there will be some oscillation in the price. On the daily chart, it is suggested to pay attention to the psychological level of 3800, and the support level below is still around 3680. In the short term, on the four-hour chart, the price is running in the downward channel of the Bollinger Bands. The resistance level to watch is 3810, and the support level is 3640. The MACD on the chart continues to show increasing bearish volume, so it is recommended to pay attention to the support level below. On the one-hour chart, the overall trend is in a downward oscillation, with the support level at 3685. Taking all the above into consideration, the main suggestion for Ethereum's future is to position for a rebound.
Pending orders:
Long at 3640-3680, with a defensive position of 50 points, targeting an increase of 40-80 points or more.
(Strategy activation can only be used once, and the placement of the take-profit is at your discretion)
This article is exclusively written by senior analyst Qin Chuan. He has been researching the fields of Bitcoin, Ethereum, futures, spot trading, gold, forex, and stocks for many years. Currently, he mainly guides futures operations, with a solid theoretical foundation and practical experience. He excels in combining technical and fundamental analysis, emphasizes on capital management and risk control, and has a steady and decisive operating style. He is widely recognized by the investment community for his amiable and responsible character, as well as his sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge about candlestick charts, follow the public account: Zhao Qin Chuan.
Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Any operations based on this are at your own risk. Investment carries risks, so be cautious when entering the market.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
