5.30 Strategy Analysis
Bitcoin fell sharply yesterday, breaking through strong support levels and disrupting the range-bound platform. Once the platform is broken, the strong upward momentum is damaged, entering an adjustment phase. Currently, the adjustment phase is near the moving average support, with 104800 as the next support point. The strength of the rebound in this area is crucial; one possibility is a direct rebound at this platform, restoring the recent adjustment space, with the strength of the rebound targeting 107000 as a small resistance. A strong breakthrough in this area will initiate a counterattack. This area is also a point of divergence, with expectations of another drop. The recent downward momentum has increased, and the adjustment cycle will be extended. It is expected that today there will be a rise followed by a fall, with an expectation of adjustment after rebounding to the resistance area. Pay attention to the strength of the upward movement; if there is a strong breakthrough, there is still a good chance. Be cautious of an expanded level of adjustment; the first breach of the trendline signal should be taken seriously.
Bitcoin short contract points, short positions near the resistance level around 107240, take profit near 105100, stop loss at 108400.
Bitcoin long contract points, short long positions near the support level around 104000, take profit near 107000, stop loss at 103200.
Ethereum faced resistance while reaching a new high yesterday, and the daily chart has turned into a long upper shadow. In the short term, it has fallen to the vicinity of the moving average support. This rebound near the moving average support may not be able to challenge new highs again, with a potential drop after a short-term rebound, as the strong upward momentum has been disrupted by Bitcoin's sharp decline yesterday. The short-term has fallen to the range platform. Ethereum is still fluctuating in a reasonable area, and it is best to operate with the idea of a range-bound market. The recent fluctuations have not disrupted Ethereum's rhythm; we will first observe the completion of the construction of the range before evaluating the strength of the next upward movement. It is expected that today, after a rebound, there will be an expectation of another drop, and low points can be targeted for buying. Always keep an eye on Bitcoin's movements, as it has a significant impact.
Ethereum short contract points, short positions near the resistance level around 2710, take profit near 2589, stop loss at 2725.
Ethereum long contract points, short long positions near the support point around 2537, take profit near 2700, stop loss at 2522.
The views are for reference only, with stop loss and take profit, created by the Great God.