BTC: Yesterday, Bitcoin fell after hitting a high. The daily chart closed with a small negative line with an upper shadow. Bitcoin turned bullish in the short term after breaking the 64,500 pressure on May 15. This view remains unchanged. At the same time, it also emphasizes that Bitcoin's short-term bullish turn is not a continuous pull, but a volatile upward trend, because the medium-term is still a volatile trend. The current price is still in the medium-term volatile range. The short-term volatile upward target of 71,000 has not changed (previously it was 72,000, and the conservative point was adjusted to 71,000). Bitcoin will have greater pressure after reaching around 71,500. This is the medium-term pressure (also the high point of the medium-term volatile range), and Bitcoin should be adjusted again.
In the short term, the volatility has been maintained above the 60-day moving average (daily chart) in the past few days, which suggests that the short-term volatility is still strong. Today, you can pay attention to the support near 65,800. It is still possible to make a little profit in the short term, and the stop loss is below 65,300.
ETH: Ethereum adjusted slightly yesterday, and the daily chart closed with a small negative line with upper and lower shadows. The four-hour chart of Ethereum showed that it broke the 200-day moving average pressure on May 17, which eased the short-term downward pressure and also suggested that the trend of short-term oscillation and weakness has changed, but the upper 60-day moving average pressure has not passed (bitcoin has already rushed over), suggesting that Ethereum has changed in the short term, but overall it is still weak compared to the big cake.
In the short term, with the further rebound of the big cake, Ethereum should test the 3200 pressure. Today, pay attention to the small support below 3025 to 3030. You can lightly position and stop loss at 3010.
Strategy: This period of time is about short-term, because it is still in the mid-term oscillation. So far, this oscillation trend has not ended, and there are no subtle changes in the chart that suggest that the mid-term oscillation is about to end (but the price of big cake can return to above the 60-day moving average, which is a good start, which suggests that the next time it adjusts to the mid-term pressure level, it should not have the opportunity to go to around 60,000). Since it is oscillating, basically every small support and pressure should be paid attention to.
Shanzhai: Still waiting patiently. Before the big cake recovers, I think it will be difficult for Shanzhai to recover, but it will rebound with the rebound of the big cake (rebound is not a recovery).
