【Market Analysis - May 4】
First, let's review the public analysis and operations of the past 20 days since April 14. The winning rate is quite good. Except for a few flaws, it is basically correct at present.
On the market, on April 14, Bitcoin broke through 6w, and I judged that the short-term bottom of Bitcoin was around 60,000, and the corresponding position of Ethereum was around 2,900. Then I formulated three 1/3 strategies (Figure 1).
On May 1, Bitcoin fell below the support area. The leeks were extremely panicked and looked forward to the end of the bull market. I posted an article in the evening to clearly say that this was the main force digging a gold pit and reiterated that the strategy remained unchanged. Unfortunately, I still overestimated the ability of the bears, and Bitcoin did not even break 56,000.
Another note: The golden pit means that this is a pit containing gold mines, which is extremely suitable for long positions!
The cottage market in April was extremely difficult to do, and the difficulty was not even lower than last year's bear market. During this period, I only publicly promoted sol and shib.
SOL is also on the 14th. It is recommended to take more spot orders below 130, with a pressure of 160. Then it went to 159.6 on the 24th and fell back under pressure. It fell below 130 again on April 30th, which gave an opportunity. Now it has recovered to 143.
I am afraid no one has taken shib. It was said that day that it could be taken after a shrinking volume and retracement of 180. Unfortunately, it was only tested to 206 later, and the current price is 246.
The above are all posted openly, which can be checked. Don't argue.
Then let's talk about the current market.
The rebound after the golden pit is extremely strong. Looking at the trading volume, it can be found that this is the healthiest rebound in the past month. Friends who follow the strategy should still have a lot of floating profits.
There are three points I am worried about at present:
1. Although the US stock market rebounded strongly last night, the amplitude is not enough to reverse the decline;
2. The adjustment time in the golden pit is a bit short, and it may not be clean enough;
3. Technically, as of the time of posting, at 4 pm on May 4, it was observed that several coins such as BTC\SOL\SHIB\DOGE\WLD were at key pressure levels.
These three points may trigger a collective pullback, and even pull the price down to 60,000 again. In terms of strategy:
At the current position, you can take a portion of the profit of the big cake, not too much, no more than 1/3.
In this way, if it goes down again, there will be funds to make up, and if it doesn't go down, there will be enough positions to enjoy the new rise. Of course, those with sufficient funds can choose not to execute.
My personal deduction of the subsequent trend is Figure 3. If there are new changes, update the post.
