2025.5.31 Dragon Boat Festival Well-being Weekend Simple Chat

That night directly plundered 4 billion CNY, 206,170 people went bankrupt to zero. On Thursday evening, I mentioned to everyone that the Bitcoin bottom support trend line was broken and could not be recovered, indicating that the bears gradually overcame the bulls. Recovery was not possible; a rebound on the short side could be executed, while the long entry points were given very conservatively. A gentleman does not put himself in danger under a collapsing wall. Early in the morning, many people immediately asked if they could add to their positions in altcoins. There is only one suggestion: consider adding positions only near the previous low's right-side pattern; do not look solely at the price. If there is a breakout with high volume that is suppressed, consider exiting. If the previous low breaks out with high volume and there is a new low, there will be another significant pullback. There's no need to go against the trend. Recently, we have basically only been trading Bitcoin and Ethereum contracts, so do not operate altcoin contracts recklessly, otherwise, altcoins can easily fluctuate by 20 to 30 points, which is basically guaranteed to explode!

BTC Focus

Support 98500/96440/92252

Resistance 107100/110000

At this moment, whether the key point of 102403 can be held is crucial. The market in the first half of the year appears to be basically like this. Next, we will see a back-and-forth market again, the tormenting market has begun once more. Once the trend of continuous suppression and successive breakouts emerges, it will reach the rhythm of the bears!

ETH Focus

Support 2403/2343/2285

Resistance 2660

Failed to hit 2800, mutually retreating with Bitcoin. In the past two days, many people have been tempted to swap liquidity with the market makers. You gain chips, and the market makers gain USD!

In the next three days, focus on the strengths at the highs of 2403/102403. An effective break below will test support level by level downward. If held, we will see if it can stabilize and wait for the market sentiment to ease before making another push!

Operations: Today, during the festival, it is also fine to spend time with family. Both long and short positions can be taken, but longs must wait for signals. Shorts can use the previous high as a benchmark, testing shorts lightly on rebounds with the previous high as a stop-loss. The level can be selected at the high point within 24 hours only!