Geopolitical risks are extremely high, but US stocks have rebounded against the trend, which may be related to this! May 20th Bitcoin Aunt's Strategy

Yesterday morning's short position captured over four thousand points of Bitcoin and over a hundred points of Ethereum. The suggested long position also realized gains in the evening. However, after the price dropped, I thought the cryptocurrency price would continue to decline, so I took a short position around 104600 in the evening, but unfortunately hit the stop loss! This position lost seven to eight hundred points!

From the daily perspective, a long lower shadow bearish candle was formed in the morning. The Bollinger Bands are slowly narrowing, the KDJ three lines are in a converging state, the MACD double lines are also in a converging state, and the volume indicator is weak, indicating a tug-of-war between bulls and bears, with an unclear trend. However, the slow narrowing of the Bollinger Bands also indicates that the upward momentum is slowing down! During the day, pay attention to the upper resistance levels at 106600, 107200, 108000, and the 110000 mark, while the lower support levels are at 104500, 103000, 102000, 100700, 100000, 99000, and 97500.

May 20th Bitcoin Trading Strategy: Aggressive traders should short at the rebound level of 106200-106500, while conservative traders should enter near 107000 with a stop loss around 107500. The targets are 104500-103000-102500-102000, and if the level breaks, look for 101500-101000-100700.

May 20th Ethereum Strategy: Aggressive traders should short at the rebound level of 2550-2580, while conservative traders should enter near 2620 with a stop loss around 2650. The targets are 2500-2450-2400, and if the level breaks, look for 2350-2320-2300.

Long Position Strategy: For Bitcoin, enter long at the pullback level of 101000-101500 with a stop loss near 100000 and targets around 102500-103000-103500-104000, and if the level breaks, look for around 104500-105000.

For Ethereum, reference entry at 2320-2350 for long with a stop loss near 2270 and targets around 2400-2450, and if the level breaks, look for 2480-2500.

Although the support and resistance levels were broken in the past two days, the strong performance of US stocks has pulled it back up, possibly related to commitments of over a hundred billion dollars in orders during visits to other countries. However, he stated that he would bypass negotiations and directly impose new taxes: a notification of new tax rates will be issued in the next two to three weeks! Along with heightened geopolitical risks, Conan remains optimistic about the bearish outlook, so everyone should be cautious about chasing prices!