5.4 (Sunday)
BTC, ETH price level sharing (for reference only)
BTC's weekend fluctuation range is 96500-95300, with a downtrend oscillation; yesterday's high was around 96600, today it has dropped to around 95200. It is worth noting that it touched the bottom support level of 95500 midway and suddenly surged to 96200, with a room of seven hundred points, proving that the 95500 support level is valid; I do not think that the subsequent drop to 95200 is a breach of 95500, but more like a false breakout to clear liquidity, the bullish pattern remains unchanged;
ETH's weekend fluctuation range is 1850-1810, with back-and-forth oscillation. During this period, everyone could take advantage of 1820+, 1845 short, going back and forth several times, the bullish pattern still holds.
Operational suggestions are to buy on dips.
BTC: Establish long positions in batches at 95300/94700, stop loss if it drops below 94200; take profit at 95800, if it stabilizes and moves upwards, look at 96300, if it breaks through, it is likely to go to 97500, or even continue to rise to 98500;
ETH: Ethereum is about to upgrade to prevent catching up, it is recommended to go long on dips, and be cautious with short positions; taking small swings on short positions is acceptable.
Build long positions sequentially at 1825/1810/1795, take profit at 1850, if it breaks through and stabilizes, it will catch up to 1870, and a strong breakout could possibly go to 1896, stop loss if it drops below 1780.
Pay attention to next week's news:
① Since there are no important data/events on Monday, Tuesday, and Wednesday, the expected volatility will decrease, and the tug-of-war of existing funds will cause oscillating trends.
② The most important event next week is the Federal Reserve's interest rate decision (expected to remain unchanged) and Powell's news speech (expected to be dovish, bullish), which will determine the subsequent market direction.
Special note: Any statements and shares from anyone are for reference only; all actual market conditions should be used for entry and exit; there is no guarantee of constant profit in this market, and I hope everyone will give more criticism and guidance; when trading ETH, it is best to include take profit and stop loss, as it tends to spike; those who follow trades should choose a fixed ratio for following.
Let's progress together!✊✊✊
