Zhang Junyao: 5.20 Analysis and Operation Suggestions
519 passed safely in the weekend's volatility. 519 is a day that people remember vividly, but the day of the big drop was on May 19, 2021. Bitcoin fell from 43,000 to 29,563, a single-day drop of more than 33%.
Judging from the current trend of the big cake, this rebound has slowed down. Although the bullish momentum has weakened, it still takes the initiative. In contrast, the short-selling force has also declined. On the whole, both sides have shown a trend of shrinking volume and failed to show strong momentum. As can be seen from the K-line chart, several attempts to impact the resistance level ended in failure, indicating that the upper suppression still exists.
Although the price of Bitcoin has retreated to the 67,000 mark, judging from the trend, it may be adjusted again in the short term. However, there is also a relatively solid support below, and the adjustment range is limited.
Junyao's operation suggestions:
Big cake: short around 67,800-67,500, and the target can be around 66,000.
Ethereum: short around 3140-3110, target around 3000.
Short-term trend direction is disclosed on the entire network every day. If you can't open the pill well, you can't run the short-term well. Friends who need to understand 🍑~ Welcome to dd Junyao Z99901235↑🚗
