5.16 Morning Cryptocurrency Market Analysis: Powell's Remarks and Options Expiration Apply Double Pressure, Focus on Short Positions! Last night, the crypto market staged a dramatic reversal, with Powell's speech and the game of major funds becoming key factors driving the market. Bitcoin (BTC) tested the key support level of 10140 multiple times, demonstrating strong resistance to declines. However, from the four-hour candlestick chart, the highs are consistently decreasing, revealing a bearish trend. Additionally, with the concentrated expiration of BTC and ETH options coming at 16:00 today, the pressure of capital outflow is increasing the risk of a pullback.
Trend Assessment: Short-term bearish signals are significant, and the day’s operation suggests focusing on short positions. It is essential to pay close attention to the key resistance level of BTC 10450. If the price can effectively break through and stabilize at this level, long positions may be considered; otherwise, a rebound presents a good opportunity to short. The support range is locked in at 10140-10060; if it breaks down, further declines may be triggered.
Operation Strategy
BTC: It is recommended to set up short positions in the range of 104380-104800, with a stop loss of 800 points, targeting 10160;
ETH: You can enter short positions near 2560-2580, with a stop loss of 20 points, targeting 2450.
#币安Alpha上新
Trend Assessment: Short-term bearish signals are significant, and the day’s operation suggests focusing on short positions. It is essential to pay close attention to the key resistance level of BTC 10450. If the price can effectively break through and stabilize at this level, long positions may be considered; otherwise, a rebound presents a good opportunity to short. The support range is locked in at 10140-10060; if it breaks down, further declines may be triggered.
Operation Strategy
BTC: It is recommended to set up short positions in the range of 104380-104800, with a stop loss of 800 points, targeting 10160;
ETH: You can enter short positions near 2560-2580, with a stop loss of 20 points, targeting 2450.
#币安Alpha上新
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
2,485
-3.58%
