🍓 May 10 market commentary. 🍓
13480565383's opinion:
In the past few days, the bears have been played badly, with 1 billion exploding yesterday and 800 million exploding the day before. One must say that the bears really have money. Without this wave of help from the bears, Bitcoin wouldn't have risen so sharply and so high.
Bitcoin's volume broke through 103224, and the hourly level closed above 103224, look to go long on the right side, stop loss on break.
102905 broke down with volume, the rebound could not recover, look to go short on the right side, recover stop loss, pay attention to the changes in volume, and manage your stop loss well.
102327 saw a false breakdown, recover with a light long position of one lot, stop loss at the false breakdown low or if it breaks 101687, if it can’t recover, do not go long.
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Bitcoin's hourly level can break and stabilize at 103351, looking up at 103951-104447. If it can't go up, continue to consolidate and oscillate.
For those who like to short, pay attention to the previous high of 104373 for a 2B false breakout to short one lot, stop loss on stabilization at 105155.
Conservative players wait: long at 100745, stop loss below 100,000.
Bitcoin has been rising since May 6, and up to today there hasn't been a decent pullback. Everyone thinks Bitcoin will rise to 12, and a pullback might quietly come.
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Upper resistance: 103810-104589-105439
Lower support: 102397-101731-100555
At the 4-hour level, 102279 was breached, starting a pullback looking down at 101495-100555. Looking at the daily level chart, this doji star is a pure high position doji star with lineage.
This indicates a serious divergence between bulls and bears at this position, and it is highly likely that this is the top. The daily RSI is severely overbought; continuing to push up could cause divergence, which would be exciting.
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51470200544's thoughts:
The second Bitcoin broke through 2341 with volume, look to go long on the right side, recover stop loss.
2330 broke down with volume, look to go short on the right side, manage your stop loss.
Re-test 2248 to confirm support is valid, go long with a light position, stop loss below 2217.
The second Bitcoin can break through the hourly level of 2380, looking up at 2416-2460, it looks like today is going to take some effort.
Be alert to 2398 on the upside to short one lot, stop loss at 2432.
Left side orders: long at 2193, stop loss below 2158.
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Upper resistance: 2380-2423-2460
Lower support: 2310-2267-2193
At the 4-hour level, if 2290 breaks down, look for target positions below at 2249-2180. The second Bitcoin will oscillate in a box again; you can do high sell low buy around this box, and stop loss if it breaks or breaches, then disperse.
