Thursday, May 16, 2024
✅️Yesterday's market review
Last night at 20:30, CPI was announced at 3.4%, which was in line with expectations. Higher than expected and in line with expectations are positive, and lower than expected are negative. After the data was released, the market rose, and the Bitcoin rebound was very strong!
The opening price of Bitcoin yesterday was 61577, the highest was 66444, the lowest was 61319, and the closing price was 66206, an increase of +7.52%, and an amplitude of 8.32%; the opening price of Bitcoin yesterday was 2881, the highest was 3041, the lowest was 2863, and the closing price was 3032, an increase of 5.23%, and an amplitude of 6.16%! The intraday amplitude exceeded 5%, and the rebound trend of Bitcoin was stronger than Bitcoin!
✅️Today's market analysis
From the release of CPI data yesterday to the closing of this morning, the entire market rebounded strongly. In the morning, the big cake rebounded to a high of 66666, and the second cake was weak. As of now, the big cake price is around 66100, and the second cake price is around 3020. The market continued to rise after the intraday retracement. After adjusting for so long, there is a favorable situation at the most appropriate time. Brother Yu believes that the market will go well! On Monday, Brother Yu also reminded in the Tiantuan group that there is no breakthrough without breakthrough, and the market will improve. Sure enough, there is movement on the market, but as the saying goes, you need to reduce your position in the morning when it rises sharply. Friends with multiple orders here, move the stop loss position up to protect the market cost!
Intraday pressure of big cake 66600/67300/68000
Support 65800/65000/64300
Pressure of second cake 3050/3100/3180
Support 3000/2940/2880
✅️ Spot sector analysis
Although the big cake rebounded violently, the cottage did not move with the big cake too much, sucking blood market, the funds in the market are still insufficient, or the main force has not given enough confidence to the market. Spot here should be cautious and don't chase high! The market is changing, which means that the dealer is taking action. Yesterday's small positive news should not have caused such a big fluctuation, so it means that the dealer has started to take action!
The strong spot sector in the past two days is still the currency of the Meme sector. It has been mentioned many times in the previous blog post, and the key currencies have been listed for everyone to pay attention to. People has risen by more than 50% in the day!
If the spot altcoin wants to rise, it still needs to wait for the rise of Ethereum. Wait and see. It will rise sharply early, and there may be a correction during the day. We will find an opportunity to get on board. The specific currency points will be shared in the group later!
The recommended W spot will continue to be held, and the focus will be on the artificial and chain oil sectors next!
Today's ❤️499 Tiantuan❤️ code
Steem around 0.27
Bonus point 0.25
