🥧5.27 Market Outlook.🥧
$BTC Opinion:
Tonight the US stock market will open, and without it, the cryptocurrency market is confused about the direction. During the time the US stock market is closed, 88% of the cryptocurrency's movement is not real, as it is currently a branch of the US stock market.
The cryptocurrency breaks out with volume above the hourly closing price of 108508, enter on the right side to go long, and set a stop loss below the breakout.
If it falls below 108203 with volume and cannot recover, enter on the right side to go short, set a stop loss on recovery. Keep an eye on volume changes and manage your stop loss carefully.
At 107133, if a false breakdown occurs, recover with a light long position, set a stop loss at the false breakdown low or below 106110; do not hold if it cannot recover.
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The cryptocurrency must break and hold above 109025 to continue looking upwards towards 109868-110421; if it cannot hold, it’s meaningless.
Those who prefer to short should be cautious of a 2b false breakout at 109420 and enter a light short position; set a stop loss if it holds above 110210.
Conservative players wait for: 105182 to go long, set a stop loss below 104471.
Yesterday, the cryptocurrency spiked up to 110400 and then reversed; why? Because 110400 is a resistance level. If this resistance cannot be broken, it will always suppress the cryptocurrency's advancement. Only when it breaks and holds above 110400 and consolidates above it will the cryptocurrency enter the next phase.
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Upper resistance: 108814-109314-109914
Lower support: 107548-106716-105849
At the 4-hour level, if it breaks below 107554, look down to 106678-105865.
For the 4-hour level to form a double top, it must first break below the neck level of 107492 and not recover,
only then can the double top formation be established.
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$ETH Thought Process:
The secondary cryptocurrency breaks out with volume above 2557, enter on the right side to go long, and set a stop loss on recovery.
If it falls below 2529 with volume, enter on the right side to go short, manage your stop loss carefully.
Pull back to 2475 to confirm effective support for an additional long position, set a stop loss below 2447.
At the hourly level, if the secondary cryptocurrency breaks 2556, look upwards towards 2585-2619; if it cannot break, there’s no need to look upwards anymore.
Be cautious of shorting at 2585 above, set a stop loss if it breaks 2620.
Left-side orders: 2441 to go long, set a stop loss below 2405.
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Upper resistance: 2555-2586-2619
Lower support: 2498-2445-2385
At the 4-hour level, if it falls below 2498, look down towards target positions of 2443-2404, in the coming days it’s easy to see sharp fluctuations, manage your stop loss well, and disperse the meeting.