How to arrange the weekly line?

The general trend is undoubtedly bullish, and the general trend of the daily line remains unchanged, especially on May 1, it just stepped back to the upward trend line support of 56,500 and completed the rise, so the pressure drop of the coin price above 72,000 in April was just a staged correction, not a reversal in the daily line structure. The main resistance above the daily line is concentrated above the 70,000 mark. If the secondary pressure range is broken this month, then this round of highs will be refreshed again.

In the short term, the daily watershed is 65,000, which is the position I have repeatedly emphasized. After the intraday correction, the rebound started, indicating that the support at this position is effective. If it is decomposed from the stage, standing firm at 65,000 is the primary condition for the big cake to continue to test the top resistance of 72,000-73,000. From a structural point of view, three tops have actually formed near 72,000, so it is actually difficult for bulls to refresh the historical high. But in the bull market trend, there is no top, let alone a new high.

In the short term, there will be suppression in the 68,000-69,000 area. Don't be surprised if there is a retracement. The retracement support point limit is 64,500-65,000. Why is it called the limit point? Because if the retracement falls below 64,500, the short-term rising structure will be broken, and we will have to rethink whether we can go long in the short term. Therefore, if the high position is under pressure and retraces to around 65,000, we can continue to layout short-term and medium-term long positions, looking at 68,000-72,000.

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