Tuesday, May 7, 2024

✅️Market Review and Analysis

Yesterday, the overall market trend was very good during the day, but a war-related negative factor suddenly occurred in the evening, causing a pullback. In fact, the war has little to do with the cryptocurrency circle. It is just inertial thinking, and the market has responded with a pullback. The current overall market is consistent with the views expressed by Brother Yu in the past few days. It is still mainly range-bound, and there will be no sudden rise or fall. The pressure level will be stepped back, and the support level will rebound. The market is likely to fluctuate upward throughout May. The trend remains unchanged, and the breakthrough pattern will rise. Unless there is a particularly large negative or positive factor, the market will fluctuate greatly!

Intraday BTC pressure 63600/64300/65000

Support 62800/62300/61800

Second ETH pressure 3100/3150/3230

Support 3000/2920/2850

✅️ Spot sector

As the market pulls back, the spot also pulls back. Brother Yu also reminded in the group yesterday that the second part of the position is originally a hot money position. If you make a profit, you can do secondary operations! Pullback is normal. The current market is suitable for taking a wave and leaving. Find the right currency to do T. Of course, you must strictly implement the stop-profit and stop-loss operations!

Today's market is recommended to wait and see

Spot Ordi38 is available for entry!