Good morning, noon and evening, everyone. Today is May 22, 2024.

After Bitcoin rose to 72,000 the day before yesterday, Bitcoin has been on a correction trend yesterday, falling to 69,162 at its lowest. 75,000 should not be reached so quickly. However, in general, after the sharp rise the day before yesterday, it is normal for Bitcoin to pull back and consolidate. However, if BTC consolidates at a high level, the altcoin will definitely not rise. So where is the current consolidation range of BtC? What are the lower support level and the upper resistance level?

Let's use the Bitcoin OBT I 1-hour explosion chart data to analyze it.

You can see that there are more people who open short positions than those who open long positions. When the market maker rises to 71,500, all the large short positions will be blown up. The highest air force volume is 13.2M. When it falls to 69,200, all the large long positions will be reported. The highest long force volume is only 1.9M.

Let's take a look at Ethereum. Ethereum has finally reversed with Bitcoin. There are more people who open long positions than short positions in OBTI. The explosion position of this group of long positions is around 3,700, and the volume is about 3.2M. When the market maker rises to 3,900, it will report all the large short positions, and the air force volume is about 3M.

In general, whenever Bitcoin and Ethereum reverse, the dog market will be very fierce, and generally the direction will be immediately revealed. Today, Wednesday, Ethereum's ETF was approved, but not approved. Tonight, Nvidia's financial report will be released, and Japan will raise interest rates tonight. I personally suggest that you look for short opportunities at present, especially when you hold long positions, you must be defensive, because as I said yesterday, the financial report has not been released, and your price has soared. Then how can you move after the release? Friends, do you agree? $ETH #BTC突破7万大关 #ETH🔥🔥🔥🔥🔥🔥 #合约爆仓 #大盘走势