5.29BTC/ETH Market Commentary：
The low long strategy at midnight was a bit off, and I missed the opportunity. Bitcoin retreated to support at 106500 for a long position, with a minimum pullback to 106700 where it stopped falling and rebounded. This morning, it faced resistance at 108500, and currently, it is fluctuating and correcting around 108000. From the daily K-line perspective, Bitcoin shows a need for pullback, with MACD bears continuing to expand, and KDJ accelerating downwards after the death cross. Today's estimated volume is not large. However, the upper Bollinger band is quietly opening upwards, creating space. Although indicators show a need for pullback, the price hasn't retreated much, which is again a trap for short positions. Pullbacks are normal and allowed; one can short, but it doesn't mean that just because there is a pullback, it has reached the top or that it has turned bearish. One should not make subjective judgments on market trends.
Bitcoin faces resistance at 108000 and 108500 above. For bulls to push higher, they first need to stabilize at these levels before attempting to reach the 110000 mark; otherwise, a pullback is likely. Support below can be found at 106500 and 105000; first, observe the low long support here. If it holds, the market will not easily turn bearish, and the rebound will continue to rise.
The intraday strategy is relatively clear for short-term operations. At 108000 and 108500, one can set a small stop-loss to short for a pullback, targeting lower at 107500, 106500, and 105500.
For low long positions below, one can wait for support at 106500 and 105000, targeting upwards at 107500, 108500, and 109500.
Ethereum has been a bit unruly, with one person crazily pulling the market. The lowest pullback at midnight was 2610, where it stopped falling, and the support given to everyone is 2600 for a long position, yet it was regrettable to miss the opportunity. The highest rebound reached around 2788, and the current price is fluctuating around 2760. Directly chasing the rise is not suitable, with resistance above at 2805 and 2820. With such a pull, Bitcoin has not moved, and if Bitcoin pulls back, Ethereum could easily crash. Therefore, it is not recommended to be overly bullish and chase long positions. Support below can be found at 2690 and 2650; if it rises and falls back, one needs to see if it can hold here. It’s advisable to trade Ethereum as little as possible because once it starts moving, the actions are indeed too big and too fast! #美国加征关税
The low long strategy at midnight was a bit off, and I missed the opportunity. Bitcoin retreated to support at 106500 for a long position, with a minimum pullback to 106700 where it stopped falling and rebounded. This morning, it faced resistance at 108500, and currently, it is fluctuating and correcting around 108000. From the daily K-line perspective, Bitcoin shows a need for pullback, with MACD bears continuing to expand, and KDJ accelerating downwards after the death cross. Today's estimated volume is not large. However, the upper Bollinger band is quietly opening upwards, creating space. Although indicators show a need for pullback, the price hasn't retreated much, which is again a trap for short positions. Pullbacks are normal and allowed; one can short, but it doesn't mean that just because there is a pullback, it has reached the top or that it has turned bearish. One should not make subjective judgments on market trends.
Bitcoin faces resistance at 108000 and 108500 above. For bulls to push higher, they first need to stabilize at these levels before attempting to reach the 110000 mark; otherwise, a pullback is likely. Support below can be found at 106500 and 105000; first, observe the low long support here. If it holds, the market will not easily turn bearish, and the rebound will continue to rise.
The intraday strategy is relatively clear for short-term operations. At 108000 and 108500, one can set a small stop-loss to short for a pullback, targeting lower at 107500, 106500, and 105500.
For low long positions below, one can wait for support at 106500 and 105000, targeting upwards at 107500, 108500, and 109500.
Ethereum has been a bit unruly, with one person crazily pulling the market. The lowest pullback at midnight was 2610, where it stopped falling, and the support given to everyone is 2600 for a long position, yet it was regrettable to miss the opportunity. The highest rebound reached around 2788, and the current price is fluctuating around 2760. Directly chasing the rise is not suitable, with resistance above at 2805 and 2820. With such a pull, Bitcoin has not moved, and if Bitcoin pulls back, Ethereum could easily crash. Therefore, it is not recommended to be overly bullish and chase long positions. Support below can be found at 2690 and 2650; if it rises and falls back, one needs to see if it can hold here. It’s advisable to trade Ethereum as little as possible because once it starts moving, the actions are indeed too big and too fast! #美国加征关税
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BTC
103,763.67
-2.06%
ETH
2,521.34
-4.15%