Bitcoin has retraced as expected. On May 23, Bitcoin formed a solid bearish candle on the daily chart, indicating a bearish engulfing pattern.

Yesterday, Bitcoin closed with a small bullish candle with a long upper shadow. Personally, I believe that Bitcoin will find it difficult to strongly recover in the short term after the big bearish candle on May 23.

Closely monitor the first support level in the range of 💲106000—💲104000 on the daily chart. I personally feel that Bitcoin will not strongly break through this range in the short term.

Watch for the second strong support level in the range of 💲102000—💲100000 below.

As long as Bitcoin does not strongly break below 💲96000 on the daily chart, it will still be in a strong range consolidation.

I personally believe that in the short term, Bitcoin will not significantly drop and will allow altcoins enough time to perform and rotate through sectors.

Ethereum has formed a double top on the daily chart, and it has consistently failed to strongly break and stabilize above 💲2800, which is the boundary between bull and bear markets.

Closely monitor the first support level at 💲2300 below Ethereum.

Keep an eye on the second support level at 💲2200 below Ethereum.

A few days ago, I mentioned that when Ethereum first reached the 💲2200 level, it would be reasonable to buy in boldly. If you are more aggressive, as soon as Ethereum breaks below 💲2300, you can buy in batches, aiming for at least a 10% profit. Be mindful of your capital allocation and avoid heavy trading.

WLD peaked at around 💲1.65 during this wave, reaching my purchase cost price, but I only sold a portion because I have a positive outlook on WLD in the medium to long term, and it will continue to push upward.

As long as WLD does not strongly break below 💲1.2 on the daily chart, it should be fine. After WLD adjusts, it will further rally.

Those who have been following me should know that I recommended TRUMP when it was at 💲8, and it peaked at 💲16.

I recommended WLD when it was at 💲0.8, and it peaked at 💲1.65.

In the Sacred Lake Research Institute, there are friends who bought WLD at 💲0.83 and opened WLD perpetual contracts. Honestly, they made a lot of money this round. To be honest, aside from holding WLD spot, I haven't reached such high prices with WLD contracts.