🍟 5.12 Market Insights. 🍟
$BTC Insights:
I have noticed that many students can't even read charts, so what are you relying on to trade? Just feelings, or are you guessing all the ups and downs?
There are two gaps below Bitcoin, one around 92000 and the other around 92500. I don't know when they will be filled, and I don't know if they will be filled either. The bears are praying that Bitcoin can fill the gaps soon.
Bitcoin has a volume breakout at 104071, with the hourly closing price above 104071. Enter long on the right side, and set a stop loss if it breaks.
103759 has a volume drop, unable to recover after a rebound; enter short on the right side, set a stop loss if it recovers. Pay attention to changes in volume and manage your stop loss well.
At 102306, there is a false breakdown; recover with a light long position. Set a stop loss at the low of the false breakdown or if it breaks 101509. If it doesn't recover, don’t go long.
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The hourly level of Bitcoin can break 104151 and hold above it, aiming for 104646-105285. This morning, Bitcoin once again spiked upward; should it end now!
Above Bitcoin, pay attention to 105222 for a 2b false breakout; enter a light short position. If it breaks and holds at 106046, set a stop loss.
Conservative players wait: long at 100835, stop loss if it breaks 100000.
At the daily level, this large round bottom is almost done; it's time for a downward adjustment. It can't keep rising like this!
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Upper pressure: 104287-104668-105285
Lower support: 103301-102283-101520
At the 4-hour level, if 103267 breaks, look for lower target positions at 102438-101526. I try to write my strategy in plain language; if you can't understand this, maybe you should think about it?
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$ETH Thoughts:
For the altcoin, there is a volume breakout at 2522; enter long on the right side, and set a stop loss if it recovers.
2501 has a volume drop; enter short on the right side, and manage your stop loss well.
If it bounces back to 2422, confirm that the support is effective and enter a light long position; set a stop loss at 2381 if it breaks.
At the hourly level for the altcoin, if it can hold above 2530, it will continue to challenge 2556-2617. Now it is getting a bit tough to push upward.
Above the altcoin, pay attention to 2566 to enter a short position; set a stop loss if it breaks 2600.
Left side orders: long at 2361, stop loss if it breaks 2325.
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Upper pressure: 2551-2608-2662
Lower support: 2479-2441-2388
At the 4-hour level, if 2480 breaks, look down to 2433-2361. In the 6-hour level for the altcoin, as long as it does not break or break above the yellow arrow pointing to this bullish candle, it will continue to move around this bullish candle in a pregnant line pattern until a direction emerges, and then the meeting will adjourn.
