5.21 Bitcoin's Key Turning Point Approaches!
Today’s content is very important; the market may soon face a turning point, which directly relates to everyone's earnings, so be sure to pay attention!
Currently, Bitcoin is rising along the moving average and has already broken through the previous consolidation range. After the breakout, it confirmed with a pullback and is now continuing to test upward. If it can stabilize at the 4-hour level and break through the slope resistance line, the market may continue to push higher.
To help everyone see the trend more intuitively, I am using a 2-hour chart. I opened a short position at 106,844, with a stop loss set at 107,400, hoping not to get stopped out this time!
I am not a die-hard bear; both long and short positions are the same for me, but previously it was indeed impossible to be bullish due to the continuous divergence at the top, with the structure constantly being broken, leading to forced left-side trading. The current price is really too high; if Bitcoin breaks out at 70,000 or 80,000, I will definitely enter on the right side with the trend, but at this position, I don’t want to be the one picking up the pieces!
The key point is:
If it stabilizes at the 4-hour mark, it may continue to rise.
But if the breakout fails and it falls back below support, there will be an opportunity for shorts.
The current market risk is extremely high; do not blindly chase after rising prices or panic sell.
Remember, the market will not always go up, nor will it always go down; the key is to take action at the right moment! Everyone should operate cautiously and not be fooled by short-term fluctuations!
Are you stuck? When will you bottom fish? It’s the same old saying: if you’re confused and don’t know what to do, click on my profile and comment. I need fans, and you need references.
Today’s focus: AAVE ETH BTC TRUMP
