Wednesday, May 15, 2024!
✅️Yesterday's market review
The market continued to fluctuate. The recent volatile market was mentioned many times by Brother Yu in early May. The market is also as described. The fluctuation range of big cake is around 60000-63000, and the fluctuation range of two cakes is around 2800-3100!
Yesterday's big cake BTC opened at 62940, the highest was 63118, the lowest was 61142, and the closing price was 61577, with an increase of -2.16% and an amplitude of 3.14%. The opening price of the two cakes ETH was 2950, the highest was 2960, the lowest was 2862, and the closing price was 2881, with an increase of -2.34% and an amplitude of 3.34%
✅️Today's market analysis
The downward correction trend throughout April and the consolidation stage throughout early May continued to fluctuate, which was very patient! The current price of the big cake is around 61800, and the current price of the second cake is around 2880. The intraday market continues to fluctuate. As the saying goes, a long sideways trend will inevitably fall. This adjustment has been going on for a long time. The market sentiment is very negative and depressed. In the current market, beware of pins! Brother Yu believes that there may be a high probability of a pin-down market behavior, and that time is a good opportunity to buy the bottom!
Intraday BTC pressure level 62000/62800/63500
Support level 61300/60800/60000
ETH pressure level 2900/2960/3000
Support level 2850/2800/2700
✅️Spot sector
What can be seen in the past two days is that the strongest currency Pepe, no one, under such market conditions, breaking new highs, the market trend is still very strong! The entire Meme sector's currencies have risen against the market, such as People Floki, etc., but at this position, Brother Yu does not recommend chasing more. Those who have bottom positions or get on the train midway should also stop profits in time or place a protective cost order.
Yesterday, Brother Yu pushed an Lrc in the Tiantuan group, which gained 15% in the day, but now the follow-up funds of the altcoins are too poor, so in the current environment and market, profits should be exited in time and new opportunities should be found!
Watch more and do less, which is the most appropriate operation plan at the moment. It is difficult to find currencies with independent market conditions. Wait patiently for the market to change!
The W recommended yesterday has been near the cost, around 0.53. Continue to hold it and place a loss order!
