5.04 Positive overlap, shorts become fuel

There are too many shorts against the trend, and the probability of accelerated breakthrough of long orders within the day increases. As the pressure from above slowly decreases, the air force will become fuel. Next week, derivatives are likely to push Bitcoin to around 65,000. At the same time, we also need to pay attention to a small correction after the sentiment ends in the short term.

The Federal Reserve decided to reduce the pace of balance sheet reduction from US$95 billion per month to US$60 billion, which is actually equivalent to an additional US$35 billion in liquidity per month. At the same time, the latest quarterly report on borrowing new and repaying old debts revealed that in order to meet the funding needs before the end of May, short-term Treasury bonds with maturities of 4 weeks, 6 weeks and 8 weeks will be issued in the near future. Bitcoin will be re-injected with US dollar liquidity in May and June.

Daily level market

- ​​Daily level rebound, the middle track encountered pressure and stepped back, the upper pressure was around 63,200, the bottom support was around 62,000, and the second support was around 61,300. Just pay attention to the stepping back position, and it will still rise strongly during the day.

4-hour level market

-4-hour level downtrend turns to consolidation, top pressure is around 64000, bottom key support is around 59500, and the upper track callback is mainly seen in the short term.

Intraday level analysis

---- Bitcoin has been successfully repaired during the day, and it temporarily encounters upper pressure and needs to be repaired. The recent pressure is around 63000, and the bottom strong support is around 62200. You can see stop loss long orders, but subjectively think that it may not hold up. The support below is around 61500 and 60500. Pay attention to whether the support is effective. The big level is still an upward trend. The news results have been landed. After the decline comes down, you can make trend long orders.

Ethereum is weaker than Bitcoin, but considering that it can be focused on speculation in May, then at this time, the right position can be a trend long order. In the 4-hour position, Ethereum supports around 3050 and 3000. You can choose a trend long order to enter the market, and you can choose the time to enter the market according to the situation.

The market has changed very quickly recently. If you want to adjust your position or don’t understand the trend, you are welcome to communicate and learn. #BTC走势分析 #BTC #ETH