Old Wine Trading Diary: Daily Interpretation 5.8

① Intraday ultra-short-term pressure: 63350

If the market rebounds seriously next, then this pressure position can only cause a short retracement of 30 minutes before being broken. The harder pressure position is between 63800-63900. If the price can reach this position today and tomorrow, and it does not break through, it is a good position to lay out a short position.

② Intraday ultra-short-term support: 61700

This position will probably cause a small level, that is, a rebound of about 30 minutes. But if you want to get here, you must first break below 62000. In addition, if the sell-off is very severe, then the price will fall below 61700

After that, it will come to around 61000. If this is the case, the 4-hour decline will be almost complete, and the idea of ​​switching from short to long will become more obvious.

At present, it is still in a 4-hour decline, and there will be a rebound during the period, but the strength of the rebound needs to be observed. Low-long high-short, this is possible. #BTC #ETH