- Zhou Yanling: Bitcoin and Ethereum's latest trend forecast analysis and operational strategies for May 6th
Last week's overall market was quite frustrating. It fell from where it was and then returned to where it was. To be honest, since May, anyone facing the price of this coin has a headache. If you don't watch the market, you won't care too much about the price fluctuations. If I were an investor, there's no need to analyze it. Just grab the old support or resistance levels to operate. As for whether to do it or not, it's purely based on mood. No matter how much you shout about the rise or fall outside, when I see that the price is not moving, I naturally feel numb. But you must understand that it's not the boring analysis from outside, but the recent price of the coin itself.
Let's not talk about the previous few declines. Let's talk about the market in the past week. Looking back at Bitcoin's big washout near 64750, there is basically no discernible trend. It directly gives you a big "V" shape, and it slowly pulls up from the bottom and turns around, grinding your mentality. I estimate that there are many bears trapped below 60000 now. If your position risk is sufficient, you can find opportunities to add positions and pull the average price later. Although the big cake has rebounded now, it is not difficult to get out of this market. As long as this rebound is still below 67000, the bears will definitely come again. So, as long as the trapped friends control the risks well, it is only a matter of time to bring the positions back. Today, there is no need to talk too much about the technical aspects. It is obvious that the big cake has come to the vicinity of the resistance level on the 4-hour chart. The range of 63000-64600 has been sideways for almost three days. If it stays sideways for too long, it will fall. Yanling's current view is very clear, now is a very good opportunity to layout short positions. In terms of operation, just focus on the two resistance levels above, the first resistance level is 65500, and the second resistance level is 67400.
Bitcoin operational strategy for May 6th:
- Short at 65100-64700, stop loss at 400 points, target 63500-63000, followed by near 62400
- If 63000 is not broken, go long, long at 63100-63500, stop loss at 400 points, target 64500-64900-65300
[The above analysis and strategies are for reference only. Please bear the risks on your own. The article's review and release may have delayed strategies and lack timeliness. Please refer to Yanling's real-time strategy for specific operations.]
This article is exclusively created and shared by senior analyst Zhou Yanling (WeChat: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other coin circle contract/spot operations. With solid theoretical foundation and practical experience, he is good at combining technical and fundamental analysis, focusing on capital management and risk control. His operating style is steady and decisive. He is recognized by the majority of investment friends for his amiable and responsible character and sharp and decisive operations. If you need to know more about real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the teacher (WeChat: Zhou Yanling).
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。
