May 10th noon:

From a weekly perspective, Bitcoin has been running around the EMA10 line, i.e., 63,000. The retracement trend has not yet ended, and the market will continue to retrace and test the 60,000 and 56,000 supports. Unless the K-line can recover 63,000 and 67,000, the bearish trend will be invalid, and the bulls can try to go higher again.

Of course, for long-term investors, this is just a retracement adjustment, because in the future, global central banks will continue to print money + cut interest rates. After all, for them, this is the most convenient and least risky way to solve the economic crisis and alleviate the gap between the rich and the poor. The result is an asset inflation bubble, which is unsolvable. So from this point of view, Bitcoin will continue to rise in the long run, but this is only for the long run. We cannot ignore every retracement trend, because it is also important for short-term spot and contract investors.

Short-term operation suggestions: 63,000-62,800 can be shorted, and the aunt is synchronized. Bring good defense, the sky is changing rapidly, for reference only!

P.S. Winning power today!

#ETH #BTC