🍛May 11th Afternoon Market Insights.🍛
$BTC 's insights:
The current market does not require any actions from the main asset, it just needs to remain steady in this sideways movement, and the secondary asset will surge upwards with momentum. The main asset serves as a barometer for the secondary asset.
If the main asset breaks through 103973 with volume and closes above it on an hourly basis, consider going long on the right side, with a stop loss on a breakout.
If it drops below 103600 with volume and fails to recover, consider going short on the right side, and set a stop loss if it recovers. Pay attention to changes in volume and manage your stop loss well.
When it reaches 102712 and shows a false breakdown, consider a light long position, with a stop loss at the false breakdown low or below 102000; if it doesn't recover, do not go long.
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As long as the main asset is trading within the bullish candlestick outlined in yellow on the chart, everything is still under control.
If it breaks below, it will need to pull back, especially since the bearish liquidity at 105000 has already been cleared away.
If the main asset can hold above 104588, it will continue to move upwards, with targets at 105602-106426; the main asset has been moving a bit too fast.
For those who prefer shorting: be cautious of the potential false breakout at 105539 and take a small short position, with a stop loss if it stabilizes above 106362.
For conservative traders: go long at 102358, with a stop loss below 101691.
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Upper resistance: 104302-105000-105539
Lower support: 103416-102319-101535
On the 4-hour chart, 103024 has been broken, looking downward to 102319-101652; nothing in terms of technical analysis can stop the main asset from advancing further.
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$ETH 's insights:
The secondary asset breaks through 2553 with volume, consider going long on the right side, with a stop loss if it recovers.
If it drops below 2531 with volume, consider going short on the right side, and manage your stop loss well.
On a pullback to 2449, confirm the support is valid and take a light long position; stop loss below 2408.
On the hourly chart, if the secondary asset breaks and holds above 2565, look for upper target positions at 2611-2661-2717; I anticipated the secondary asset would reach 2600, but not this quickly.
For the secondary asset, watch for a short position at 2664, with a stop loss if it breaks 2700.
Left side orders: long at 2361, with a stop loss below 2322, and a pin order.
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Upper resistance: 2555-2607-2667
Lower support: 2496-2425-2374
On the 4-hour chart, if 2497 is broken, look for a pullback to 2391-2315; the secondary asset has advanced to another level, as long as it does not break below the box drawn on the chart, it will continue to consolidate upwards before the meeting ends.
㊗️Happy Mother’s Day to all the students’ mothers, wishing you health and happiness.