BTC has pulled back at the daily level. Please refer to the layout ideas below for the next contract setup!
The daily top pattern for BTC has been confirmed. This is a daily pullback. The first support for daily pullback is in the range of 910-92000, and the second support is seen in the range of 870-88000.
(Intraday Trading Strategy)
Long BTC:
Enter long in the range of 928-93600
Add long in the range of 915-92000
Stop loss 1300 points, take profit in batches at 95500-96500
Short BTC:
Short in the range of 955-96500
Stop loss 1300 points, take profit in batches at 91500-88000
ETH layout idea:
ETH is relatively strong these days due to the Prague upgrade on May 7th. The pullback is small, indicating high-level fluctuations.
Long ETH:
Enter long in the range of 1800-1810
Add long in the range of 1750-1770
Stop loss 20 points, take profit in batches at 1840-1900
If you have already entered near 1810, you can hold on. If it reaches the second position, you can add to your position. The resistance levels above are 1840/1870/1900.