5.7 Zhang Lihui: Is there a high entry opportunity before the deep plunge of Bitcoin? The death cross on the daily chart must lead to a big drop! Today (BTC market analysis and trading reference! #加密市场回调 #BTC #BTC走势分析 #BTC☀ #BTC、 $BTC

This May Day has indeed been very bad, attacked by the flu, and I have not fully recovered since the 2nd, which has led to the article not being updated. Fortunately, real account fans have been able to follow the operations and benefit before the holiday. Lihui has also taken the opportunity to rest for a few days. Recently, the most asked by fans is whether Bitcoin can directly reach 100,000 or 120,000. Lihui thinks this is a joke. Some people see the rebound and mindlessly shout to buy, isn't this purely harmful? Bitcoin hasn't even stabilized above the weekly upper rail, how can it rush to 100,000? On the 3rd, Lihui updated in the PY circle at the position of 96,600 to not chase long positions at high levels, the 4-hour death cross has already formed, and it is unwise to still be bullish. Those who followed the operations have already made a profit by reducing positions after 3,000 points;

Now the daily level Bitcoin has also reached a critical position, because the death cross has formed, and successful volume has been released below the 0-axis. It depends on whether the daily closing can stabilize the death cross pattern. The Bollinger Bands channel is currently maintaining the usual trend, attention should be paid to whether the lower rail can support again at the parallel position of April 30. If this position cannot be held, it will face a big drop again! The current K-line is under pressure from the daily middle rail and the 4-hour upper rail range, so for a short-term rebound, you can consider entering lightly near yesterday's high point range, which is the 4-hour MA60 and MA30 range. The fast and slow lines at the 4-hour level are converging, and Lihui believes this round of convergence will once again face failure. Recently, major institutions have been frequently buying, and this method of pulling the market and unloading is truly commonplace! A short-term transition to bullish is very likely to incur losses. Lihui believes that a deep plunge must occur again before a significant rebound will appear. Now, we only need one reason and opportunity for the plunge! In the short term, Lihui will still consider the strategy of shorting during the rebound!

Recommended short entry point: 95,000-95,500; stop loss 95,800; target 94,300-93,600-93,100. If it breaks 93,000-92,800, you can continue to hold to around 91,500; if the stop loss is triggered, you can consult Lihui to adjust the opening price!

Recommended long entry point: Pay attention to the strength of support at the 93,000 level to decide on entry opportunities, specific timing can be consulted with Lihui based on the downward strength of the market and the fast-slow line!