Sharing of Bitcoin morning ideas on Tuesday, May 7, 2024
Repair and adjustment, slow down the decline and continue to buy
Yesterday's market rose first and then fell. The high position fell under pressure after reaching the 65,500 area. It fell to the 62,700 area in the early morning and is currently hovering around 63,000. Yesterday morning, we gave a low-to-long idea. After a round of gains, the intraday long orders were as expected. The current decline has slowed down. The main structure of the small cycle is still an upward trend. The operation continues to maintain a low-to-long idea
It is not difficult to see from the trend structure on the daily line that the market has a short-term retracement after the high. Compared with the increase in the strong rhythm, the decline is only a little bit, and there is not much decline. At present, the four-hour trend is facing a choice again. The Bollinger Bands are closed and the range is shrinking, which means that the market will once again go out of a new unilateral rhythm. When the downward trend stops and rebounds, continue to pay attention to the rebound of the market in the future. Share and participate with the idea of retracement and long!
On Tuesday morning, it is recommended to buy Pie around 62800-62600, and the target is 65000-66000.
On Tuesday morning, it is recommended to buy Ether around 3050-3030, and the target is 3150-3230.
People strive forward from setbacks, yearn for the future from nostalgia, recover from illness, become civilized from ignorance, bravely redeem themselves from extreme distress, constantly redeem themselves, and help others as much as possible. The advantage of people is that they must be full of energy to repent, reflect on themselves, and grow; not just complain to others.
