🥥May 31st Market Insights.🥥
$BTC Insights:
Today is the Dragon Boat Festival㊗️ Happy Dragon Boat Festival to all students! However, it seems that the bulls are not happy, as this is the Dragon Boat Festival for the bears.
The major cryptocurrency has broken through a volume of 103832, closing above 103832 at the hourly level, right side chasing long positions, stop loss on break.
103328 has broken down with volume, unable to recover on the rebound, right side chasing short positions, stop loss on recovery, pay attention to volume changes, keep stop losses in mind.
102329 has a false breakdown, recover light long positions with one contract, stop loss at the false breakdown low or below 101514, if it cannot recover, do not go long.
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The major cryptocurrency at the hourly level has broken through 104276 and is stable, looking upwards to 105030-105910. Given the current trend, do you think it can still go up? The major cryptocurrency has been continuously making lower lows with no sign of stopping.
Students who wish to short the major cryptocurrency should note a 2B false breakout at 104326, short one contract, and stop loss at 105055 if it breaks and stabilizes.
Conservative players wait: long at 100637, must stop loss if it breaks below 100,000.
The major cryptocurrency's hourly level has already broken this box, if it cannot recover to run within the box in the short term.
Then it will consolidate in the range of 104545-102035, and if it breaks below 102035, this wave of rise will end.
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Upper resistance: 104265-104816-105307
Lower support: 102336-100691-99848
At the 4-hour level, breaking below 103053 looks at the lower target positions 102339-100762. Currently, the major cryptocurrency shows no sign of stopping, students who are going against the market should pay attention to safety, don't get buried.
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$ETH Thoughts:
The secondary cryptocurrency has broken through 2515 with volume, lightly adding long positions on the right side, stop loss on recovery.
2483 has broken down with volume, right side chasing shorts, keep stop losses in mind.
Pullback to 2440 confirms effective support, add one long position, stop loss below 2400.
Pay attention to the upper limits of the secondary cryptocurrency at 2556 for one short position, stop loss at 2587 if it breaks.
Left side order: long at 2384, stop loss below 2349.
For the secondary cryptocurrency, if you switch to the 3-day line, you can see how obvious the trident pattern is; do you still think the secondary cryptocurrency is strong? It can drop 100 points in a minute as if it's playing. I have been saying for days that the secondary cryptocurrency shows signs of distribution, did you hear me?
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Upper resistance: 2506-2536-2586
Lower support: 2446-2408-2357
At the 4-hour level, breaking below 2442 looks downward to 2385-2348, especially since today is Saturday with low liquidity, be cautious of random selling.
