🐥5.2 Daily Market Outlook.🐥
$BTC Opinion:
The breakthrough of the previous high that I and my classmates have been looking forward to has come, it has really come, it approaches us with a new high.
However, I didn't expect that Bitcoin could directly break through 97000, because the liquidity of short positions is at 96500. After clearing the short liquidity at 96500, Bitcoin is expected to retrace, but there are too many people going short. Just after clearing the short liquidity, a large amount of short liquidity has accumulated above again. If we want to completely clear the shorts this time, Bitcoin needs to rise to around 103000. Do you think it will clear it?
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Bitcoin breaks through 97060 with volume, the hourly closing price is above 97060, pursue long positions on the right side, stop loss on break.
96759 breaks down with volume, unable to recover on the rebound, pursue short positions on the right side, set stop loss on recovery, pay attention to observe changes in volume, and take good care of stop loss.
95755 shows a false breakdown, recover with a light long position, set stop loss at the low of the false breakdown or if it breaks 95000, do not add if it cannot recover.
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If Bitcoin stabilizes at the hourly level above 97174, it can continue to look up to 97970-98454; if it cannot stabilize, then it’s another story.
Pay attention to a 2b false breakout at 98063 above Bitcoin, short one position, set stop loss if it stabilizes above 98854, and pay attention to differentiate between real and false breakouts.
Conservative players wait: long at 93544, set stop loss at 92721.
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Upper pressure 97182-97983-98607
Lower support 96325-95737-94452
At the 4-hour level, breaking down 95833 looks down to 94954-93505. There must be many classmates shorting Bitcoin now, but Bitcoin will not drop as you wish; it will not come down until it drives the bears to despair.
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$ETH Thoughts:
Ethereum breaks through 1846 with volume, pursue long positions on the right side, set stop loss on recovery.
1840 breaks down with volume, pursue short positions on the right side, take the pullback and set stop loss.
Pull back to 1808 to confirm support is effective to add one more long position, set stop loss at 1776.
Ethereum stabilizes at the hourly level above 1850, looking up to 1882-1915.
Watch for a short at 1927 above Ethereum, set stop loss at 1959 if it breaks through.
Left side order: long at 1774, set stop loss at 1743.
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Upper pressure 1850-1887-1916
Lower support 1830-1801-1722
At the 4-hour level, breaking down 1817 indicates a pullback looking down to 1775-1739. The true explosion of Ethereum has not yet arrived; be patient and wait for the meeting to end.