Contract traders must lock profits at the target position and beware of a sharp profit retracement

Shared on the evening of 2024/5/27:

BTC market analysis: The big cake is still consolidating above the key position (672) that I have always mentioned. It is currently judged to be a relay of the rise (retracement to the key position), and a small-level long structure has been formed in 1/4 hours. Again, the daily short structure has been destroyed, and the monthly and daily lines are both long structures, looking for buying opportunities. Trading opportunities: The target position of the 1/4 hour long structure is 7w-7.2w. Friends who enter the long position according to this long structure during the day should pay attention to reducing holdings in the same period to lock profits to gamble on the continuation of the daily long structure; the next target position of the daily line is 744-752, and this position must also be actively stopped.

ETH and other popular cottage views remain unchanged. Friends who buy the bottom of the contract must lock profits at the target position. If there is no outbreak but the structure exists, continue to hold according to the structure and wait for the realization of the target position. Friends who buy the bottom of the spot reduce their holdings at the target position and continue to maintain the expectation of cottage outbreak. It should be noted that the trading opportunities of ETH are detailed in the previous post. Because it is now near the daily bull target selling zone, it is a position to lock profits. Don't chase high with fomo. Generally, breakthroughs at key positions will have retracements. Always remember that it is better to miss than to make mistakes.

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