Sharing of Bitcoin morning thoughts on Saturday, May 11, 2024
The decline has stopped, and we will see the rebound action during the day
Yesterday, the rhythm of the white market continued to fluctuate, and finally ushered in a waterfall in the evening. The price of the currency went directly from the 63400 area to around 60200, and the overall decline space was 3100 points. Yesterday morning, we gave the idea of first short and then long. After a round of exploration, we directly gave the opportunity to exit the short position. The short position also won a good profit. At present, the decline has stopped, and the rebound strength of the market is concerned. Treat it with a low-long idea
Closing a negative does not mean that the market will weaken. Although the daily structure has closed again, there is an obvious stop signal in the rhythm. In the 4-hour trend, a big negative directly bottomed out the lower track of the Bollinger band and rebounded. At present, the bottom support is still relatively strong on Saturday, and the market has not continued to decline. Then the low position is not overly bearish, and the prevention is the rebound of the market.
On Saturday morning, it is recommended to buy Bitcoin around 60500-60200, and the target is 62000-62500.
On Saturday morning, it is recommended to buy Ethereum around 2870-2850, and the target is 3000-3060.
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. #ETH #香港加密货币ETF #Megadrop #5月市场关键事件 #BTC走势分析 $BTC $ETH $BNB
