5.30 Cryptocurrency Market Analysis, it's all over, can everyone still break even?
Last night the long position was stopped out, fortunately the position size was not large, no eternal profit bloggers.
ETH dropped sharply from 2750, fluctuating around 2720 during the day yesterday, and then started to decline in the evening. Many people said there were whales supporting the price, but little did they know that the market makers are the whales. Yesterday, a false breakout occurred with Bitcoin; although it broke the resistance of the rising channel, the daily line did not stabilize, and there is relatively strong support around 2500.
Bitcoin's daily level broke the previous rising trend line of the MA15 moving average today.
We need to be cautious of the risk of a pullback.
Trading advice: Buy ETH around 2580-2620, target 2660; buy Bitcoin around 104500-105200, target 107000.
The market changes rapidly, always set a stop loss when trading.
