5.11 Grayscale outflows large amount of liquidation chips, wide range of fluctuations

On May 11, the entire network exploded 161 million US dollars. Most of the logic of the explosion ultimately attributed to Grayscale's crazy selling orders the day before. Grayscale ETF had an overall net outflow of 103 million US dollars, and the other ETFs did not outflow, causing huge selling pressure on Grayscale.

At present, the market will have a repair market in the 4 hours of the weekend. Even if it is an oversold rebound, there will be a period of stability. During the stable period, pay attention to the strongest rebound of the cottage, which is an opportunity before the good news lands next week.

The focus of the cottage next week is WLD, ARKM, RSR and other OPENAI strongly associated tokens and some strong tokens of DEFI.

It is expected that the weekly level support will not fall below 670,000. The market is still dominated by slow weekly level growth, and the 4-hour wide fluctuation is around 60,000 - 57,000 - 65,000.

Daily level market

- ​​In the daily level decline, the lower support position is around 60500 and 60000. After breaking, pay attention to the strong support near 58500. It is expected that the possibility of breaking this week is small. The upper pressure is around 60900, around 61700, and the middle rail pressure is around 62300.

4-hour level market

The 4-hour level slow rise and shock trend is still weakening. There is heavy pressure from above. The upper 61200, 61800, and 62700 are all heavy pressures. The bottom maximum support is around 59500 and 60200.

Intraday level analysis

----The weekly level market decline is within expectations. If it does not fall below 57000 this week, the market is still in a weekly level upward trend.

Pay attention to the repair of the hourly line of Bitcoin during the day, and the decline near the bottom of 60200-60500. If this position does not fall, it is recommended to focus on the strong altcoins. The successful decline target is transferred to BTC near 59500. For the time being, the long and short battles are more serious. Enter short near the key position of 61800 or enter long with a large-scale bottom support stop loss. Otherwise, focus on the altcoins with higher certainty.

The market has changed very quickly recently. If you want to adjust your position or don’t understand the trend, you are welcome to communicate and learn. If you want to follow, please leave a message in the comment area. #山寨币热点 #BTC走势分析 #5月市场关键事件 $BTC