Blockchain Liangqiu: Bitcoin/Ethereum early morning operation strategy with market analysis on May 23
The overall market of Bitcoin/Ethereum this week is still good. The low-level long-order idea we laid out at the beginning of the week has also been greatly pulled up. I believe that friends who follow the idea have very good space. The market has relatively small retracement so far. The market has fluctuated and consolidated at a high level in the past two days, and has repeatedly inserted needles up and down. The daily moving average has all turned upward, but the short-term pull-up is fierce, and the market has a certain downward repair space.
In the four-hour, the market is in a sideways state after the pull-up, and the overall trend is still relatively strong. For Ethereum, it has repeatedly inserted needles down in the past two days and touched the 3650 line to start a rebound, indicating that this position has certain support. Pay attention to the suppression of 3820 to 3850 on the top. On the daily line, the daily high of 3800 to 3820 is under pressure. You can rely on the pressure to enter the short position below. For Bitcoin, the moving average has risen rapidly. Pay attention to the support near 68000 to 6850 below, and pay attention to the suppression of 70300 to 70600 above. The operation can be synchronized with Ethereum.
At present, the market trend is fast, and the long and short positions are changing rapidly. The specific guidance is mainly based on real-time guidance. In the early morning, it is recommended to enter the short position of Bitcoin near 70000 to 70300, with a target of 68500 to 69000; enter the short position of Ethereum near 3760 to 3780, with a target of 3650 to 3700. After the market breaks down, it can continue to look down.
