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BTC in May reversed the situation, maintaining high levels, where are the opportunities this month?
BTC market analysis at 8:58 am June 1, 2024
Throughout May, BTC fluctuated around $15,000. Since bottoming on Labor Day, through May 21, BTC has fluctuated continuously, creating a $15,000 swing space. This month opened at 67,577 USD, although at dawn it bottomed at 66,700 USD (almost completing the retest of the underlying index at 66,500 USD as mentioned in the past few days), but has quickly recovered to 68,059 USD. Currently, BTC is fluctuating around 67,600 USD, these price levels are all levels that have been noticed in the past few days. It cannot be said that the main force of BTC is really good!
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Support: 67,000/66,500-66,800
Temporary resistance: 67,800-68,000, if surpassed, it could rise to 68,800-69,000
In terms of trading, if there is a fall at the end of the week, those who are holding less than 30% of the position or have no position can increase their position by 30-50% to wait for the recovery within the next three to five days and Reduce positions when there is a recovery!