The high-level consolidation of Bitcoin shows signs of stabilizing at 110,000, and Ethereum has gained another 50 points in the midnight trade! 5.23 Bitcoin strategy

In the midnight trade, the only entry point for buying was Ethereum, which is currently up by fifty points. Those who have followed can move their stop-loss to 2650 to catch up or directly take profits and look for another opportunity!

The daily chart has seen two consecutive bullish candles, and Bitcoin has reached a historical high, touching 112,000 yesterday. Meanwhile, Ethereum has lagged significantly in this round; it’s not just Ethereum, many altcoins have also lagged. Only Bitcoin is in a bull market! The technical outlook remains bullish, although there are suspicions of selling at new highs. Those shorting should ensure they have stop-losses in place to manage risks! Resistance levels above are 112,000, 113,000, and 115,000, while support levels below are 110,000, 109,000, 107,500, 106,000, and 104,700.

5.23 Bitcoin trading strategy: Aggressive traders can enter on a pullback at 108,500-109,000, while conservative traders can enter at 107,500-108,000, with a stop-loss near 107,000. The target is 110,000-111,000-112,000-113,000. Move the stop-loss according to the situation after breaking the levels!

5.23 Ethereum strategy: Aggressive traders can enter long on a pullback at 2,570-2,600, while conservative traders can enter at 2,530-2,550, with a stop-loss near 2,500. The target is 2,680-2,700-2,740. Move the stop-loss according to the situation after breaking the levels!

Short selling strategy: Short one lot of Bitcoin on the first touch of 113,000-113,500, with a stop-loss at 114,000, targeting around 112,000-111,000. Move the stop-loss according to the situation after breaking the levels;

Short one lot of Ethereum on the first rebound to 2,730-2,750, with a stop-loss at 2,780. The target is around 2,680-2,650-2,630, and watch for a break near 2,600.

Bitcoin may fluctuate at high levels or continue to rise; if there is no significant pullback, then Ethereum will certainly catch up, and altcoins will have opportunities as well. However, if there is a significant drop, then Ethereum will also be affected, so everyone should trade cautiously. The recent market has indeed been quite volatile; Bitcoin has risen so much while Ethereum and altcoins have only risen a little. #比特币突破11万美元 #币安LaunchpoolHUMA #特朗普晚宴