5-6 Bitcoin Analysis:

Bitcoin formed a false break on May 1st. I have reminded you many times about the strong support position of 590, which has been tested many times. Don't place orders on the left side, wait for the opportunity to enter the market on the right side after breaking the bottom and pulling back. If you have read the analysis, you will not be hurt here.

At present, Bitcoin has rebounded to around 645. Why do you always say it rebounds instead of rising? The starting point of this wave is 647. This position is also the position where it rebounded many times and then fell back. Therefore, after this position is broken, the MSS structure will change. I will go long on Bitcoin. Otherwise, I will think that all the current rises are rebounds.

The profit and loss ratio of shorting here will be higher than that of longing. If you stand on 647 and change the MSS structure, stop loss. What needs to be noted is that there is a gap below CME, which is probably around 626. But whether you are long or short, you have your own trading strategy. The most important thing is stop loss. Stop loss is more important than anything else. Remember!!! #BTC