🍾Market analysis on May 26th.🍾
$BTC 's view:
This weekend is okay, at least there is some volatility, so it’s not too boring. Has the correction of Bitcoin ended? After waking up, I saw the price came back again, and it’s running above 109,000, seeming like nothing happened but also like a lot happened.
Bitcoin broke through 109,521 with volume, and the hourly closing price is above 109,521 which allows for long positions on the right side, with a stop loss if the level is broken.
109,172 broke down with volume and couldn’t recover, so go short on the right side, with a stop loss if it recovers, and pay attention to changes in volume, keep a proper stop loss.
At 107,948, a false breakdown occurred and then recovered, take a light long position. If it breaks the low of the false breakdown or falls below 107,149, stop loss; if it can’t recover, don’t go long.
🍾
If Bitcoin can break through and hold 109,780 at the hourly level, it will continue to challenge 110,780-111,316. Let’s see if it can recover today.
For those who like to short Bitcoin, pay attention to 110,473 where a 2B false breakout occurred; take a short position, and stop loss if it holds above 111,158.
Conservative players wait: long at 106,716, stop loss if it breaks below 106,000.
At the 4-hour level, if Bitcoin wants to form a W bottom, it must break the neckline at 109,214. The 4-hour closing price must be above 109,214 for the W bottom to be valid and to look upward; otherwise, it’s useless.
🍾
Upper resistance: 109,814-110,473-111,343
Lower support: 108,514-107,915-106,716
At the 4-hour level, if it breaks below 108,571, look down to 107,530-106,740. Bitcoin is indeed very strong, and the weekly line has closed positive again. Currently, Bitcoin has already had 7 consecutive weekly positives; let’s go for a 10-week positive streak!
🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾
$ETH 's thoughts:
The second Bitcoin broke through 2,553 with volume; go long on the right side, with a stop loss if it recovers.
At 2,531, it broke down with volume; go short on the right side, keep a proper stop loss.
On a pullback to 2,500, confirm the support is valid with an additional long position, and stop loss if it breaks below 2,455.
At the hourly level, if 2,574 can hold, the targets above are 2,620-2,652; the second Bitcoin needs Bitcoin to pull it up.
Above the second Bitcoin, pay attention to 2,623 for a short position, with a stop loss if it breaks 2,659.
Left-side orders: long at 2,435, must stop loss if it breaks below 2,400.
🍾
Upper resistance: 2,573-2,616-2,652
Lower support: 2,499-2,446-2,402
At the 4-hour level, if it breaks below 2,500, look down to 2,452-2,419.
Looking at the chart of the second Bitcoin at the daily level, this bearish engulfing candle cannot break through; it will be difficult for the second Bitcoin to take off, meeting adjourned.
$BTC
#加密市场反弹
#巨鲸JamesWynn动态
#MichaelSaylor暗示增持BTC
$BTC 's view:
This weekend is okay, at least there is some volatility, so it’s not too boring. Has the correction of Bitcoin ended? After waking up, I saw the price came back again, and it’s running above 109,000, seeming like nothing happened but also like a lot happened.
Bitcoin broke through 109,521 with volume, and the hourly closing price is above 109,521 which allows for long positions on the right side, with a stop loss if the level is broken.
109,172 broke down with volume and couldn’t recover, so go short on the right side, with a stop loss if it recovers, and pay attention to changes in volume, keep a proper stop loss.
At 107,948, a false breakdown occurred and then recovered, take a light long position. If it breaks the low of the false breakdown or falls below 107,149, stop loss; if it can’t recover, don’t go long.
🍾
If Bitcoin can break through and hold 109,780 at the hourly level, it will continue to challenge 110,780-111,316. Let’s see if it can recover today.
For those who like to short Bitcoin, pay attention to 110,473 where a 2B false breakout occurred; take a short position, and stop loss if it holds above 111,158.
Conservative players wait: long at 106,716, stop loss if it breaks below 106,000.
At the 4-hour level, if Bitcoin wants to form a W bottom, it must break the neckline at 109,214. The 4-hour closing price must be above 109,214 for the W bottom to be valid and to look upward; otherwise, it’s useless.
🍾
Upper resistance: 109,814-110,473-111,343
Lower support: 108,514-107,915-106,716
At the 4-hour level, if it breaks below 108,571, look down to 107,530-106,740. Bitcoin is indeed very strong, and the weekly line has closed positive again. Currently, Bitcoin has already had 7 consecutive weekly positives; let’s go for a 10-week positive streak!
🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾
$ETH 's thoughts:
The second Bitcoin broke through 2,553 with volume; go long on the right side, with a stop loss if it recovers.
At 2,531, it broke down with volume; go short on the right side, keep a proper stop loss.
On a pullback to 2,500, confirm the support is valid with an additional long position, and stop loss if it breaks below 2,455.
At the hourly level, if 2,574 can hold, the targets above are 2,620-2,652; the second Bitcoin needs Bitcoin to pull it up.
Above the second Bitcoin, pay attention to 2,623 for a short position, with a stop loss if it breaks 2,659.
Left-side orders: long at 2,435, must stop loss if it breaks below 2,400.
🍾
Upper resistance: 2,573-2,616-2,652
Lower support: 2,499-2,446-2,402
At the 4-hour level, if it breaks below 2,500, look down to 2,452-2,419.
Looking at the chart of the second Bitcoin at the daily level, this bearish engulfing candle cannot break through; it will be difficult for the second Bitcoin to take off, meeting adjourned.
$BTC
#加密市场反弹
#巨鲸JamesWynn动态
#MichaelSaylor暗示增持BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
109,896
+0.72%