【One night explosion pulled 5400 dollars, 4.1 billion CNY sacrificed, 60144 people‘s assets reset!】
2024.5.21 8:30 AM BTC/ETH Market Analysis
First, let‘s review Brother S‘s idea. On the 16th, he told you guys that if BTC breaks through and stabilizes at 66800-67000, it will open up at least another $5000 space. This viewpoint has been emphasized almost every day!
ETH made a prediction on the 5th of the month, rebounded to the 2851 line, and moved to the right by the end of the month, opening up at least a $300-600 rebound space!
Trend trading is much more profitable than chasing daily ups and downs. Being a trend trader allows you to survive longer in the market and gain more rewards. However, you have to endure the pullbacks in between. Of course, if you have a trend-oriented mindset, you won‘t be affected by short-term thinking!
BTC Attention
Support broke through the resistance level at 66800-67000 and turned into a support level/63500.
Pressure temporarily set at 71500
Although it hit a high of 72132 in the early morning, it is necessary to be cautious as it has completed more than half a month‘s expectations overnight. I just took profit from all those small positions with miscellaneous gains of 20/30 points. The auto-invest portfolio remains unchanged, mainly clearing the remaining positions of the coins operated recently!
I will never chase the high. At this moment, unless BTC can stabilize above 71500 for more than half a month, otherwise, after this round of short at the highest price, when the ETF of ETH is launched, the market will tie up another group of people!
Operation suggestion: Do not chase the high today, reduce positions on the rally. Take advantage of last night‘s violent rebound and lower your position is the priority, reducing it to below 30% is optimal!
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