Old Wine Trading Diary: Daily Interpretation 5.22
① Intraday ultra-short-term-pressure: 70400-70500
Yesterday's intraday short-term support has now turned into pressure. For the current market, even if this area is broken, there is still strong pressure from 71400-71600 above. This area was also the position that could not be broken yesterday.
② Intraday ultra-short-term-support: 68800-69000
First of all, if the market comes to this position, I will still wait for an opportunity to go long. Do right-side trading and set stop loss and take profit. But then again, if this support area is broken, I will only see 68150 again.
Summary: The bullish trend has not changed yet. The intraday ultra-short-term is executing a retracement. It's not a big deal. Don't consider drawing a door for now. #BTC突破7万大关