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May 6 Cryptocurrency Market Analysis ‼️ (Important after reading)
【Short and long positions can be held】
Strategy: ✅ Accelerated upward movement followed by a pullback ✅
1️⃣ Major Market 【BTC ETH】 Current key support levels:
【BTC】
Open position: Around 82,000 waiting for a top pattern on the 15-minute chart
Stop loss: At the highest point at that time
Take profit: Take profit 1: Near 81,000, Take profit 2: Near 80,500
【ETH】 Short position
Open position: Around 2,464 waiting for a top pattern on the 15-minute chart
Stop loss: At the highest point at that time
Take profit: Take profit 1: Near 2,400, Take profit 2: Near 2,370
2️⃣ 【ETH & BTC】 Recommend more ETH, BTC daily chart is making new highs, the market doesn’t look like it’s topping out. Continuous rise,
Pay attention to:
One: Data at each new high point.
Two: Top patterns on 15-minute and 1-hour charts.
Three: BTC daily chart no longer making new highs. Adjustment signal resonance.
Recommend more ETH as there may be a rebound rally. When the market rises, ETH has a rebound demand. Stop loss at 2,320.
Mainly watch the pressure level around 82,000 for BTC. A short-term short position can be considered. If you don’t have a long position, don’t chase.
If this helps you, please give Brother Qiang a like 👍 + follow
All opinions are personal views only
Not investment advice, DYOR