🦧5.7 Daily Market View.🦧
$BTC Opinion:
This market is washing me, I just ask you if you are confused or not! Even Wall Street analysts would be confused analyzing the current market; should it fall but doesn’t, should it rise but doesn’t, what do you want me to do? It seems like it’s about to drop but then it pulls up with a big bullish candle, and even though it rises, it’s just swinging here, what can you do to me, it’s so frustrating.
The major cryptocurrency has broken through 97252 with volume, closing above the 2-hour level entity price at 97252, so buy on the right side. If it breaks down, stop loss.
96704 has broken down with volume, unable to recover on the rebound; short on the right side, recover stop loss, pay attention to volume changes, and set appropriate stop loss.
95758 shows a false breakdown, and you can add a light long position. Stop loss at the false breakdown low or below 95000; if it doesn’t recover, don’t add more.
🦧
This morning’s rally of the major cryptocurrency did not break the previous high, and the hourly level closed with a long upper shadow, hinting at a double top test, likely a false breakout. Last night it falsely broke down below 93500, and this morning it falsely broke out above 97000, really well played.
If the major cryptocurrency can break and hold above 97737 on the hourly level, it will continue to rise. The target positions above are 98021-98888, putting in some effort.
For those wanting to short from the left side, it is advised to wait for a false breakout at 98000 to short one position, with a stop loss if it breaks and holds above 98888, light position from the left side.
Conservative players wait: Buy at 93565, with stop loss below 93000.
🦧
Upper resistance: 97719-98021-98888
Lower support: 95747-95198-94149
On the 4-hour level, a drop below 95790 starts to pull back, looking down at 94454-93589, hoping the major cryptocurrency can maintain above 96000.
🦧🦧🦧🦧🦧🦧🦧🦧🦧🦧
$ETH Idea:
The second major cryptocurrency has broken through 1825 with volume; buy on the right side, with stop loss recovery.
1821 has broken down with volume; short on the right side, set stop loss.
Re-test 1799 to confirm support is valid to add one position, stop loss below 1761.
The second major cryptocurrency must hold above 1850 to look upwards to 1890-1928; if it can’t get above 1850, that will always be resistance for the second major cryptocurrency.
Be aware of shorting one position at 1872 above; stop loss if it breaks above 1890.
Left side orders: Buy one position at 1750, with stop loss below 1728.
🦧
Upper resistance: 1851-1890-1928
Lower support: 1810-1782-1750
On the 4-hour level, a drop below 1812 looks down to 1779-1733. If this bullish candle indicated by the white arrow on the hourly level is swallowed by these three bearish candles, then it will go back to where it came from, end of meeting.