Market Trends: 5.25 Weekend Market Fluctuations, Let's See If We Can Break Out of the Fluctuation by Early Monday
Trading is like climbing; only by reaching the peak can you enjoy the spectacular views. If you encounter difficulties and retreat, giving up midway, you will only miss opportunities. In trading, the most important thing is to have the courage to take action. When faced with opportunities, strike decisively, so as not to miss the chance and regret later. Rainbows always appear after the storm. The greatest enemy one faces is oneself. Many times, we are lost in self-imposed obstacles and cannot extricate ourselves. Only by breaking through oneself can one take control of life!
Market Analysis:
There are no fancy analytical terms, only solid insights. Welcome to test your skills.
BTC:
As mentioned in the previous article, once it broke the new high, we were waiting for the waterfall. Although we didn't see a major waterfall, it still declined a considerable amount. Next, let's look at the subsequent trends.
Bitcoin's overall trend on Saturday was fluctuating; weekends typically don't have much activity. Generally, we will see movements on Sunday evening or early Monday. Now, let's check today's resistance and support levels: the upper resistance zone is 109300--110400, and the lower support zone is 106000--107000. We will still operate on high short and low long strategies. Light short positions around 109300, add positions at 110400, with a stop loss of 800 points. The target is 107000--106000. We will provide long positions in real-time in the group.
ETH:
Ethereum's trend is the same as Bitcoin's, fluctuating. The upper resistance zone is 2600--2645, and the lower support zone is 2460--2505. Operate according to this range; specific orders will be provided in the group.
The article may be delayed in sending, and strategy suggestions are for reference only. Specific operations should be based on real-time market data. For more information, please consult the author.
Plan your funds reasonably for investment, and avoid emotional trading. Do not let profit cloud your judgment and place orders blindly. The market is unpredictable, with many factors influencing trends; do not be fixated on target points in the short term.