[Market Research Report on May 8th - Daily Line Continues to Be Bearish, Has the Rebound Ended? If the turning point is not broken, the rebound is not over. The callback order of 6.55 has only the tail position left. The structural adjustment range of ETH has not changed. The direction of the range is the key. The latest time node is at the end of May and the beginning of June]
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(Today, an article will be published, a market thinking of the big cycle, a very important article for the entire bull market cycle)
1.BTC
Review: Yesterday morning, the rebound was backed by the previous low support, and the rebound target was 6.45. A callback order was made here at the same time, and the target was achieved at 6.2-6.15.
The daily line continues to be bearish, but the key turning point is still the 5.9 we talk about every day. If it is not broken here, it is the callback of 5.65--6.55. If it falls below 5.65, it cannot be expected to be the starting point.
Backed by the short orders of 6.55 and 6.45, only the tail position is left here
The target has been reached, so there is no reason to chase the short position when the support is so close
The first support of the day: 6.15-6.2 (this range can be rebounded) The pullback pressure is at 6.3, where you can intervene in the callback short position [the synchronization time is late, this position is invalid, and then consider it when testing on the right side]
Support search method 5.65---6.55 Draw a Fibonacci to divide the position
Through these entries, you can see that trading is not just about long or short, pay less attention to long and short, and understand the ideas more.
2.ETH
Ether, whether it was the previous head and shoulders pattern, or the back pressure of 3230, yesterday's 3125 was eaten step by step
Yesterday there was still an expectation of a rebound. Before it got stronger today, I didn't intervene in the rebound before the position was reached
Still guarding the 2968 range
Support 2960 2860 Pressure 3125 3170 3200
[Don't just look at the positions. Don't know which one to look at. The positions near you haven't reached yet, but you're thinking about the far ones. The positions are given a lot, so that you don't know whether it is pressure or support when you reach it. If you don't dare to trade when you reach the position, just go to the right side. If you don't understand, watch more videos, ask more questions in the comment area, and look at the candlestick chart K-line pattern. I can't be online forever. I can't stop trading when I'm not online.]
3. Shanzhai
ETC is about to halve. Last week, I publicly entered the ETC market near 23. Keep your cost
Except for hot spots, Shanzhai is garbage
Funds are not enough to support general increases, guarding coins is like guarding widowhood
