【0514 Market Analysis and Suggestions】2/2
IV. Technical Aspects
$BTC Daily Line: Still in the downward channel. After the sharp drop on May 10, it has been consolidating in the highest and lowest points of the day for 4 consecutive days. There is no change signal at present. Wait for the change signal that may be brought by the CPI data on Wednesday night.
V. Market Tone and Operation Suggestions
1. The market is in waiting mode, waiting for the change that may be brought by the CPI data on Wednesday. The probability of rebounding upward is greater. It is recommended not to cut excessively for long orders at the current position, and stop loss should be strictly set for short orders to prevent risks.
2. Copycat: Before Bitcoin fails to change and get out of the downward channel, it is not recommended to intervene. If there is a hot spot opportunity, control the position and operate in the short term, stop profit in time, and give priority to the principal.
