Market laws, twists and turns, the cycle of reincarnation, internal cultivation of the mind, external cultivation of behavior, the road ahead is long and arduous. 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 lofty 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 and scenic views, do not forget the original intention, and one will eventually succeed.

2024.5.6 BTC————————

After the May Day holiday, the overall price of the currency has stabilized above 60,000, and the weekly K-line has probed the bottom. Whether it can stop falling smoothly after the probe, it depends on whether it can break through the 66,000 line and form support this week. After four consecutive positive days in the Bitcoin price, the upper pressure is continuously moving down. It is suggested to pay attention to the vicinity of 64,600 in the future. The daily chart indicator MACD has completed the conversion of long and short energy, and the fast and slow lines are running with a golden cross below the zero axis. If the price can break through and stabilize in the 64,600-65,000 range, it can successfully form a bullish trend at the daily level. Currently, the price is running in the upward channel of the Boll on the four-hour chart, and the price and the MACD volume on the chart form a bearish divergence. Be cautious about the subsequent correction after the long needle, and it is suggested to short the price after the divergence is repaired. The high-level pressure on the hourly chart is around 64,700, and the upward trend line support is around 63,700. In summary, it is suggested to short Bitcoin for the short-term rebound.

Pending order:

Short at 65,200-64,800, stop loss at 500, target 800-1500 points

(The strategy can only be used once, and the bagging can be arranged by yourself)

2024.5.6 ETH————————

After three probes on the weekly chart, the price of Ethereum stabilized above 3,000, and is currently oscillating around 3,150. The upper pressure on the daily chart is around 3,190, and the support is around 3,060. The MACD indicator on the chart has completed multiple conversions of long and short energy, but has not formed a bullish volume surge on the daily chart, proving that blind bullishness should not be followed on the daily chart. Although the price has formed an upward channel on the four-hour chart, with the passage of time, it has formed a bearish divergence with the MACD, and the strong pressure near 3,250 is being watched. The support below is around 3,080. After the subsequent resistance to the price surge, a downward divergence repair is expected. The Bollinger Bands on the hourly chart are starting to converge, and the short-term support is continuously moving up. Currently, it is suggested to pay attention to the 3,130 line, and the price may continue to consolidate for a period of time. In summary, it is suggested to short Ethereum for the short-term rebound.

Pending order:

Short at 3,190-3,230, stop loss at 30 points, target above 50-80 points

(The strategy can only be used once, and the bagging can be arranged by yourself)

This article is exclusively written by senior analyst Qin Chuan. He has been researching in the investment field of Bitcoin, Ethereum, contracts, spot, gold, foreign exchange, stocks, etc. for many years. He is currently mainly guiding 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, and has a steady and decisive operating style. He is recognized by the majority of investment friends for his amiable and responsible character and sharp and 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 is risky, and market entry should be cautious.

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