5.22 Morning Updates
Good morning, in the early morning, both Bitcoin and Ethereum fell back to the previous strong pressure level (BTC: 68888, ETH: 3680). Get up early and continue to be bullish.
As the ancients said, the first push is strong, the second is weak, and the third is exhausted. Today is the second day after the positive information of ETH led to a surge. Although it is still strong, the upward momentum is gradually weakening. When ETH is strong, it will suppress the price of SOL. Once ETH returns to its normal price, the contract profit effect of SOL will immediately appear, and it usually performs better than ETH most of the time.
The smart operation is to buy in batches at lows (177-174) when SOL is weak at this time. Although ETH is strong at present, the increase has been large, and it is necessary to pay attention to the possibility of a callback at any time. If there is bad news on Thursday, ETH may fall back quickly. Therefore, it is advisable to take advantage of the trend with a light position and not to chase the long position with a heavy position. Although it is close to 4000 points, the fish tail market should not be overly obsessed.