The short position on the right has been entered, with a stop loss, waiting for the target position to take profit.

2024/5/8 Lunchtime Sharing:

#btc #pepe

BTC market analysis: Since it fell below the position mentioned yesterday at 2 o'clock last night, the small-level (15-minute) long structure has been completely destroyed, and the 4-hour short structure has been established. At present, the fall is blocked and the retracement is blocked, which is a very healthy trend. Trading opportunities: short position entry, according to the 4-hour structure with a stop loss of 64392, the first take profit position: around 608-61, the second take profit position (also the position to lock the main profit): 58-60, as marked in the figure, long positions are only considered in this range and wait for the right side to enter the market.

pepe market analysis: At present, the support and resistance are interchangeable, and there is generally demand to move upward, but whether the 4-hour rebound will continue to be long remains to be confirmed. Trading opportunities: 1. If there is a bullish structure at this position at a small level, you can consider going long on the right side, and the stop loss is the new low, and the take profit can be captured according to the structure; 2. If the retracement is blocked after falling below here, enter the short position on the right side, and the stop loss is the blocked high point, and the take profit is the position of the boxes in the figure.

If my sharing is helpful to you, please follow me. I will update the market analysis and trading opportunities every day. I will not be a hindsight or a big shot, but only the trading logic.