May 20th Afternoon Market Outlook
Yesterday, the cryptocurrency community was still immersed in the review of the events of May 19, 2021. By evening, the U.S. stock market opened and rallied steadily. In the crypto space, one must be flexible and ready to adapt.
What is the real big V Dragon? This is the true big V Dragon, recovering as much as it falls, but it seems to be missing just a little bit.
Bitcoin on the hourly level can stabilize at 106,922 and continue looking up to 107,335-108,204, and with some effort, it can aim for the previous high.
Conservative players wait: Buy at 102,605, stop loss if it breaks below 102,000.
Upper resistance: 106,953-107,843-108,753
Lower support: 105,012-104,595-103,669
$ETH Outlook:
Pull back to 2,450 to confirm support is effective for an additional buy, stop loss if it breaks below 2,413.
Upper resistance: 2,600-2,650-2,685
Lower support: 2,515-2,480-2,425
