5.3 Initial Morning Analysis
The large coin has pulled back from its peak near 98,000 and has been steadily declining. Currently, it is approaching the support level near 96,000. According to market news, a rate cut in May is basically no longer possible, but with the recovery of US stocks, the large coin still has the momentum to continue rising.
Recommendation
96500-96000 buy, stop loss at 95750, target 97000-98000, if broken, look to 99000.
Above 97500 sell, stop loss at 98100, target 96500-96000, if broken, look to 95000.
Personal predictions are for reference only.
