On Tuesday, May 7, 2024, Bitcoin evening thoughts sharing
The low-level pullback rose again, and the bulls were ready to go
The white plate did not move much, and the overall process was a slow rise. In the morning, it was long in the 62800-62600 area. After a round of retracement to the 62800 area at noon, it rebounded as expected. After touching the high 64400 area, it was under pressure. It is currently hovering around 64000. The long orders in the morning were also received as expected. The current market formed a volatile rhythm after the rebound. If there is no effective retracement in the evening, it can still continue to be bullish.
In the current 4-hour structure, after the continuous rise, there was a negative line retracement. In the short term, there was not much continuation of the long and short positions. The overall trend was fluctuating around the 62800-64500 area. The short-term decline continued to a certain extent, but in the daily market rhythm, the retracement was relatively not too large, so it is not advisable to excessively pursue unilateralism for short-term rises and falls, and operate around the range.
The way of negotiation is that the strong are easily broken. Only the most yin and the most gentle can dominate the world. Nothing in the world is as gentle as water, but the best is like water.
On Tuesday morning, it is recommended to buy around 6300-62800 for big cakes, and the target is 64500-65000
On Tuesday night, it is recommended to buy around 3030 for ether, and the target is 3130-3150#BTC走势分析 #BTC #ETH #Megadrop #5月市场关键事件 $BTC $ETH $BNB