🍉June 5th Afternoon Market Insights.🍉
$BTC Insights:
Dear students, the much-anticipated Bitcoin has also broken through the 100,000 mark; some are happy while others are worried! Those who have made profits should not be arrogant, and those who haven't shouldn't be discouraged. Who doesn't eat dumplings during the New Year? The more bears there are, the higher Bitcoin rises; when will the bears surrender, and Bitcoin comes down?
Bitcoin's volume broke through, and the closing price at the hourly level was above 103073; continue to buy on the right side while breaking the position.
If it falls below 102871 with volume, and fails to recover, sell on the right side, and set a stop loss. Pay close attention to changes in volume and maintain a good stop loss.
If there's a false breakdown at 101525, recover and slightly add one more long position. If it breaks below 100731, set a stop loss; do not add more if it hasn't recovered.
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If Bitcoin can stabilize above 103221, it will continue to challenge the upper target positions of 103895-104588; the bears have surrendered this time, right? If the bears do not surrender, there will be further rallies.
Above Bitcoin, watch for a 2B false breakout at 104778; lightly short one position, and set a stop loss at 105539.
Conservative players wait: buy at 100530, and must stop loss if it breaks below 100,000.
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Upper resistance: 103314-103880-104660
Lower support: 102484-101525-100567
If it breaks below 101742 at the 4-hour level, a correction towards 100548-99028 may occur. Continue to observe the hourly level; the white box encircles the position: at the high point of 104305, this candlestick has a long upper shadow indicating strong resistance above. After reaching a high point, there have been 4 candlesticks without a higher peak, indicating that the bulls at the hourly level are somewhat exhausted, and a corresponding correction should appear.
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$ETH Thoughts:
The second Bitcoin has broken through 2208 with volume; buy on the right side and set a stop loss.
If it falls below 2193 with volume, sell on the right side with a good stop loss.
On a pullback to 2139, confirm support is effective and lightly go long; stop loss if it breaks below 2100.
Above the second Bitcoin, pay attention to 2261 to short one position; set a stop loss at 2300.
At the hourly level, if 2222 breaks and stabilizes, look upwards at 2259-2307.
Left-side order: buy at 2037, stop loss at 2000.
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Upper resistance: 2238-2275-2321
Lower support: 2141-2109-2074
At the 4-hour level, if it breaks below 2143, look down at 2178-2034. In the 2-hour level of the second Bitcoin, a high-position doji star has appeared; if it breaks through the doji star, it will continue to rise; if it cannot break through, it will pull back, and the meeting will adjourn.