5.13 Tuesday early morning Bitcoin Ethereum trading ideas and strategy analysis
Some market conditions, when looking back, turn out not to be that difficult; the challenge lies in the restless heart during holding positions, and the fear stemming from trading that brings about inferiority. From the core, fearing losses leads to what you fear coming true. When you learn to take things half seriously and half lightly, profits are merely the natural reward for doing the right things! Looking back at the market, yesterday afternoon after a surge to the high point of 105800, it did not stabilize but rather provided a certain amount of pullback space. The midnight low fell to around 100678. In the short term, there is also a downward space of over 5000 points. However, on the whole, there has been no significant change in the overall structure, and the price comparison continues to run above the high point. We still regard the short-term pullback as a correction. It has been mentioned multiple times that there is no such thing as rising without falling. We still look forward to the bulls pushing higher. In the evening, amidst the trading, our long positions also exited with minor losses. Acknowledge mistakes; fortunately, we managed to stop losses in time and kept the losses within a reasonable range, which is something we can accept.
Currently, the rhythm has formed a volatile trend, with Bitcoin's daily line closing with a bearish candle, but the bulls are still operating above the middle track. However, the upward rhythm has been interrupted in the short term, and the price rebound is gradually weakening, with resistance moving downwards. The overall trend is starting to weaken. From the current technical perspective, the short-term low-level continues to oscillate; if the short-term low-level support holds, then we still view the oscillation as a rising trend. Thus, in the short term, we are optimistic about a rebound. As long as the low-level support is maintained, the bulls still have certain space in the future. After all, the market will not always move in one direction; after providing a certain pullback, it will surge again. Overall, the trend structure itself shows strong performance, with only a short-term surge followed by a pullback. Currently, after the pullback, it has stopped and has not formed a continuous downward movement. Therefore, leveraging the larger trend structure, we still view the main structure as bullish, and staying at key support positions during the day continues to indicate a sustained upward trend.
Early morning, Bitcoin around 101500-101000 go long, aiming for 104000. Ethereum around 2430-2400 go long, aiming for 2550.
Bitcoin: 96200-95800 Long Target focus 98300
Ethereum: 2700-2680 Long Target focus 2830