The slower the market moves, the clearer the direction needs to be.
Yesterday's Bitcoin remained held until this morning, and I took partial profits in the morning, achieving all targets for Bitcoin Auntie.
5.26 Monday Thought Analysis Suggestions:
From the hourly perspective, the momentum of the cryptocurrency quickly released and broke through the upper band, but the upward speed has slowed down. After a strong performance, we still need to be cautious of a technical pullback correction. Although the MACD indicator's green bars have continuously remained below the zero axis, their length is gradually narrowing, reflecting that the bearish-dominated downward momentum is gradually weakening. This morning, we should focus on the breakthrough of the 110000 resistance level; if it doesn't break, we will continue to look for a pullback. In terms of operations, it is suggested to short at high positions this morning.
Operation Suggestions:
Bitcoin: 110000-110500 short, look at 107500-107000.
Ethereum: 2570-2590, look at 2500-2450.
From the hourly perspective, the momentum of the cryptocurrency quickly released and broke through the upper band, but the upward speed has slowed down. After a strong performance, we still need to be cautious of a technical pullback correction. Although the MACD indicator's green bars have continuously remained below the zero axis, their length is gradually narrowing, reflecting that the bearish-dominated downward momentum is gradually weakening. This morning, we should focus on the breakthrough of the 110000 resistance level; if it doesn't break, we will continue to look for a pullback. In terms of operations, it is suggested to short at high positions this morning.
Operation Suggestions:
Bitcoin: 110000-110500 short, look at 107500-107000.
Ethereum: 2570-2590, look at 2500-2450.
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BTC
105,717.98
+1.21%
ETH
2,518.6
+1.91%
