[Overnight, 5,400 dollars, 4.1 billion CNY sacrificed, 60,144 people's assets returned to zero! ]
2024.5.21 8:30 AM BTC/ETH market analysis
First, let's review Brother Sao's thinking. On the 16th, I told my friends that BTC broke through and stabilized at 66,800-67,000, and at least another 5,000 dollars of space was opened. This point of view was emphasized every day!
ETH had made a prediction on May 5th at the beginning of the month. If it fell back to the 2851 line and went to the right side at the end of the month, it would open at least 300-600 dollars of rebound space!
Trend trading is much more profitable than daily chasing ups and downs. Being a trend trader can live longer in the market and receive more goods, but you have to bear the retracement in the middle. Of course, if it is a trend mentality, it will not be affected by the short-term mentality!
BTC attention
Support breaks through the 66800-67000 first-line resistance level and becomes the support level/63500
Pressure is tentatively set at 71500
Although the highest in the morning was 72132, but the expectations of more than half a month were fulfilled in one night, so it must be treated with caution. I just stopped all those small positions that made a profit of 20/30 points, and the fixed investment portfolio did not move. It was mainly to clear the remaining positions of the coins operated recently!
I will never chase high. At this moment, unless the big cake can stabilize at 71500+ for more than half a month, after this wave of peaking, after the ETH ETF lands, the market will lock up a group of people again!
Operational suggestions: Don’t chase high today, rush to reduce positions, take advantage of last night’s violent pullback, and reduce the positions in your hands. It is best to reduce to less than 30%!
