2024.5.5 Macro Analysis
Good afternoon, brothers. After two days of rebound, the market seems to be weak. 64500 is the heavy pressure of the weekly top pattern B line. Feilong reminded two days ago: After the rebound, especially the brothers who are fully invested, they should reduce their positions appropriately and take them back when the price falls back to the previous low.
From the data on the chain,
the stablecoins in the exchange have rebounded, but have not returned to the level on April 23. Yesterday, they experienced another wave of retracement. In this round of rebound, BTC rose by 8%, but many cottages did not rise that much. This is the performance of insufficient incremental funds.
Recommended strategy:
At present, BTC will still maintain a volatile bearish trend, and it is difficult to rise sharply. If it falls sharply, it will ambush strong coins such as ONDO, and then wait for the opportunity! What opportunity are you waiting for? Easing of international conflicts, continued decline in inflation data, and the resolution of the Mentougou crisis...
Israel and Hamas have recently begun to negotiate peace. If an agreement is successfully reached, there will be another wave of rebound in the currency circle, but there may be a second bottoming out. Be patient!
