【0513 Market Analysis and Suggestions】2/2
III. Technical aspects
1. $BTC daily line: Still in the downward channel, the callback did not fall below the second low of 59600, there is a possibility of meeting the 2B rule, whether it can touch the near high of 65500 will be the key to whether it will reverse.
2. $ETH : The results of the Ethereum spot ETF will be announced on May 23, and there is great uncertainty. The market expectation is likely to be rejected. ETH has performed weaker than BTC recently, and the exchange rate with BTC has shown a clear downward trend.
IV. Market tone and operation suggestions
1. The wait-and-see sentiment is strong, and liquidity is seriously insufficient. Market makers have skyrocketed and plummeted based on information and data, and started the long and short squeeze market.
2. BTC: The consolidation range will increase, and the technical points are difficult to grasp. You can operate according to the range trading system. It is not recommended to short and high-frequency trading. You can buy in batches on the left side when the price drops.
