Last night, before the US stock market opened, prices slowly rose to around 95100. Our afternoon reminder of the light long position strategy should have brought about a profit of 100 points to friends who followed the operation.
However, the market then took a sharp turn downwards, directly crashing to around 92800, and now it is fluctuating around 93500. Here are my thoughts.
The daily chart shows a long upper shadow bullish candle (inverted T-shape), indicating that there may be a significant change at this position, so everyone should remain vigilant.
Although the four-hour chart has been highly volatile, it is still oscillating within the 91500-95500 range. After a continuous decline of bearish candles on the one-hour chart, the size of the bearish candle bodies is shrinking, indicating that the downward momentum is weakening.
Recently, the market has been as volatile as a roller coaster, so I suggest everyone take profits when they can; putting money in your pocket is what truly matters. During the May Day holiday, I will continue to monitor the market and provide the latest strategic references for everyone.
Operation Suggestions
Evening operation suggestions:
For Bitcoin, go long around 93600-93000, targeting 94500.
For Ethereum, go long around 1700-1730, targeting 1820.
