24/05/16BTC has surged 5,000 points and is about to reach 70,000. Just take advantage of it!
24/05/04BTC callback has ended, and the false break is about to hit 80,000. Is this the wash effect you want?
24/05/06 weekly line T-shaped rebound 8000 points, daily line false break and return to the box, how to plan for the next bull market?
24/05/07BTC is about to surge, starting the 5th wave of rise, sit tight and wait patiently!!!
24/05/09 In the battle for the US dollar currency, BTC once again hits the bottom of the box. Interest rate cuts and elections are not far away. Is it the darkness before dawn?
24/05/10 The bottom of the box is supported again, and there are many resistances above the rebound. Wait patiently for the market to start rising!!!
24/05/13BTC is around 60,000 and the whole network is bearish. It takes enough courage to be bullish. The market always explodes in despair?
Flatbread
Congratulations to those who escaped the top near 72000 and bought back near 57000 for a gain of nearly 10,000 points. The market is still quite powerful, with the lowest point yesterday at 61099, up 5,000 points. Whether it is good news for CPI or other good news, they are not my focus. The reminder on the 14th of arc bottom + head and shoulders bottom + daily diagonal breakthrough is also a perfect confirmation.
It also broke the curse of the 519 plunge. Yesterday's article said that when it was more than 72,000, we saw a plunge to 53,000-56,000, and the lowest fell to 56,550. At present, I personally think that the previous trend will not necessarily be repeated. 519 was the second time it fell to MA120 before it opened up the downward space. Only if it falls below MA120 again will the probability of repeating be higher.
Technically, the daily line converged and broke through the triangle. Yesterday, the closing line broke through the 4-hour W neckline with two positive lines sandwiched between negative lines. The daily line closed with a lower shadow for a week. At present, the pressure around 67,300 is seen. OBV crossed the yellow line and MACD crossed underwater, and the column grew above the zero axis.
The volume is shrinking and rising. Last night, the short positions were basically blown up. It is difficult to return to 60,000 in a short time. The previous medium- and long-term layout of Bitcoin 57,000 and Ethereum 2,800 is a little more than that. Some of the cottages in the same period are also well-positioned. (Specific points can be consulted)
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Ethereum rebounded after stepping back to 2800 for the third time. It is indeed useless at present. The daily line is suppressed by MA20 and there are still MA120 barriers to overcome. The daily line of Ethereum triangle has not yet broken through. Just wait patiently. The cottage sector is still relatively low, and it is not a big problem for the leader of the sector to enter the bottom position. It is still the view of May 7 that most people are still trapped. What are you still worried about after the halving, with a 30%-50% discount?
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