Only with a calm mind can one achieve great success in investment. Making money is the only goal, everything else is just empty talk. Making money is the key. Hello everyone, I am Jinrui from the cryptocurrency circle!

Currently, the neckline of the triple top pattern of Bitcoin has been broken, and the prices on the 1-hour and 4-hour charts are both below the 25EMA, so Jinrui believes that the market is still in a bearish trend.

As the 25EMA on the 1-hour chart is a short-term resistance above, Jinrui's focus today is to position short-term shorts based on the 1-hour 25EMA as a short-term resistance level.

The potential entry point is near $61,900-62,000, and the short-term profit target for short positions is around $61,000. After reaching the profit target for short positions, Jinrui will observe whether to continue holding short positions, and will also make decisions based on the trend of the larger timeframe charts.

Reference for long positions today:

If the price of BTC falls from the current level and then rebounds to form the right shoulder of a double bottom around $61,000. If it subsequently breaks through the neckline, Jinrui will go long with the 1-hour 25EMA ($61,983) as support.

If you plan to go long, you can wait for this pattern to form before taking action.

Jinrui's strategy summary for May 9th:

Short position trading range: $61,900-62,000, target $61,000

Long position trading range: near $61,983, target $62,826 (long position premise is the establishment of the right shoulder of the double bottom pattern)

If you want to receive real-time information later, please like and share to let me know 🙌🏻. If this is helpful to you, I hope you can like it ❤️ and follow me, looking forward to your support.

I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are having trouble with trading or experiencing long-term losses and being trapped in trades, you can follow my public account (Jinrui from the cryptocurrency circle). Investment involves risks, so please be cautious when entering the market. The market fluctuates every day, and all I can do is to use my years of practical experience to help you make the right investment decisions and manage your operations in the right direction.

The end of the article and other advertisements in the comments section are not related to me personally!! Please be careful to distinguish between true and false, thank you for reading.

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。