🌯Market Insights on May 22nd.🌯
$BTC Insights:
The Bitcoin just grows on its own, satiating itself, regardless of the fate of numerous clones.
This is heading towards a one-person eats full, the whole family doesn’t starve route. The more Bitcoin drops, the less people buy, and the more it rises, the more people buy, fearing they might miss out. You know the final result.
Bitcoin breaks above 110630 with volume, short-term long positions can be pursued above 110630, with a stop loss on a breakdown.
If it breaks down below 109800 with volume and fails to recover, pursue short positions on the right side, and implement a stop loss if it recovers; pay attention to changes in volume and manage stop losses cautiously.
At 107688, a 2b false breakdown occurs; recover with a light position long, stop loss at the false breakdown low or below 106816, do not hold long if it cannot recover.
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Bitcoin has also touched its previous high and has created a new high, a moment worth commemorating. Now, the bears have basically been subdued; when the bears shift to bulls, that’s when caution is warranted.
For Bitcoin on the hourly level, a breakthrough at 110837 stands firm, continuing to look upwards at 111462-112367; all looks bullish so be especially careful.
Those looking to short Bitcoin at high positions should note a 2b false breakout at 111402, shorting with a light position, stop loss above 112307.
Conservative players wait: long at 106101, stop loss below 105233.
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Upper resistance: 110833-111526-112086
Lower support: 108714-107333-106162
On the 4-hour level, if it breaks below 109234, look downward at 107677-106190; the daily RSI for Bitcoin has again entered overbought territory, and divergence has appeared, but it does not necessarily mean an immediate drop; the risks have already surfaced, so be cautious in chasing highs.
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$ETH Thoughts:
The second Bitcoin breaks above 2601 with volume; pursue long positions on the right side, implement a stop loss on recovery.
If it breaks below 2572 with volume, pursue short positions on the right side; manage stop losses well.
On a pullback to 2513, confirm valid support and add a long position, stop loss below 2476.
The second Bitcoin stands firm at 2616, looking upwards to target positions at 2652-2686; if it cannot stand above 2616, it’s ineffective.
For the second Bitcoin, be aware of 2663 for a short position; stop loss above 2700.
Left-side orders: long at 2455, stop loss below 2411.
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Upper resistance: 2622-2654-2685
Lower support: 2551-2514-2475
On the 4-hour level, if it breaks below 2551, look downward at 2513-2449; I advise all students not to FOMO, opportunities arise every day, but your capital is not always available; meeting adjourned.
