On May 22, Bitcoin and Ethereum soared with long positions. Subsequent trend analysis and operational ideas!

CN
6 hours ago

Currently, from the daily chart perspective, Bitcoin has broken through the previous high with a solid breakout, and there are no resistance levels above to reference. According to the top-bottom conversion, strong support is at the 106,000 level, with short-term support at the 110,000 mark. As mentioned earlier, as long as it does not break below 101,500, the bullish trend remains unchanged. Ethereum, after confirming support at 2,450, is following Bitcoin's upward movement. It has not yet reached the resistance level at 2,700, and if it breaks, we look at around 2,900, with short-term support at 2,550.

From the 4-hour chart perspective, Bitcoin has steadily risen after breaking out of the range, with the pullback only reaching around 106,000. There is no resistance above, and it is recommended to reference 112,000. Short-term support is seen at the 109,500-109,000 range. Ethereum has just broken the small range resistance at 2,580-2,600, with resistance above at 2,700-2,720. If it breaks, we look at 2,800-2,900, with support at 2,580-2,600. (Below is yesterday's predicted chart)

Trading Strategy: The long positions set up yesterday have been accurately executed for Ethereum, with the current target of 2,620 exceeding expectations. It is advisable to take profits steadily, while aggressive traders can continue to hold. Although Bitcoin has not yet reached the entry position, the pullback to 106,000 has not broken, and Ethereum has already entered the market. Currently, the long positions have taken off, and it is recommended to continue buying on any retracement!

Buy Bitcoin at 109,500-110,000, with a target of 111,000-112,000, and a stop loss below 108,000;

Buy Ethereum at 2,580-2,610, with a target of 2,680-2,780, and a stop loss below 2,540;

The strategy is time-sensitive, please refer to the main page for details, and private real-time guidance is prioritized!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and trading strategies!

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