【5.1 billion CNY lost overnight, 82,197 people went bankrupt, happy May Day! 】
2024.5.1 International Labor Day, happy labor, my friends!
BTC market analysis at 7:29 am
This morning, the dust has settled on Lao Zhao’s 4 months. It turns out that the Americans are still very open-minded and will not kill a rising new industry. If there is no room, it is likely to cause a complete exodus of the crypto field in the Americans. Then why are these spot ETFs on Wall Street still being passed? Wouldn’t it be a waste of tens of billions of dollars? So, for now, it is a win-win situation! The black swan that the market expected did not happen. After the big cake hit the bottom in the early morning, it rebounded by 1,500+ dollars at this moment. The signal is still good. May Day has started well!
BTC attention
Support 59200/60000
Pressure is tentatively set at 64500
This wave of emotions will be relatively stable. The 1-hour support and resistance level drawn before was accurately hit last night. Sometimes it is like this. The support and resistance level you drew before is inadvertently the counterattack point of a subsequent market, so if the support and resistance line we draw is of medium and long level, it can be kept!
Operation: If you didn’t cut your losses yesterday, why not hold it for two or three days today? Wait for the rebound in these two days and then leave! The core of the operation is to enter and exit in batches! Come on, my friends, happy May Day!
