5.19 Afternoon Insights and Actions
Recommended BTC Market Analysis:
Today peaked at 107100 and then pulled back; after the weekly line change, it shows a high pullback pattern, with a break in minor support.
Short-term probability of a daily level correction is high, likely exceeding one week.
Key Levels:
Resistance Level: 104000 (The four-hour close must break through to restore the bullish pattern)
Support Levels: 101400, 100800
Action Suggestions:
For those chasing highs: Reduce positions and exit near the resistance level during rebounds.
Short-term: Lightly short near 104000 during rebounds, targeting the support level below.
If it stabilizes around 101000 after a drop, consider lightly buying for a rebound, with a good stop-loss in place.
ETH Market Analysis: Daily level break, upward movement is weak, following down but not up, confirming the daily bearish trend.
Key Levels:
Resistance Levels: 2410, 2466 (Focus on the 2440-2460 range)
Support Levels: 2270, 2160, with a defensive level at 2000.
Action Suggestions: Lightly short within the 2440-2460 range during rebounds.
If the four-hour close breaks 2460, then exit with a stop-loss, targeting the support level below.
Risk Warning: Short-term volatility is increasing, strictly carry stop-losses, and avoid heavy positions! #MichaelSaylor暗示增持BTC