May 31st BTC, ETH route analysis and strategy‼ ️
It is Friday again. This week's layout can be said to be a complete victory. Yesterday's low-multiple layout was pulled up again in the evening. Bitcoin reached a high of around 59,500 and Ethereum reached a high of 3,828. All long-order targets were reached or even exceeded expectations. Looking back on this week, most of the high-altitude layouts above 70,000 and 3,950 at the beginning of the week, and then most of the low-multiple layouts in the next two days. I believe that the space for friends who keep up with this round of long-short conversion is still very good. At present, the market will rebound after the next decline. After the rapid decline last night, the lowest point of Ethereum was 3,720 and Bitcoin was 68,000. The low point is constantly rising, which is also accumulating strength for the bulls.
At present, the market has changed from a wide range of fluctuations in the early stage to a narrow range of fluctuations, and the range is constantly shrinking. The follow-up also means that the market is about to change. It is particularly important to grasp the long-short conversion. From the daily line structure, KDJ all turned upward, and the bulls are expected to go further if the support below is not broken. The four-hour Bollinger Bands begin to shrink. In the case of narrow fluctuations, the space may not be too large. Pay attention to the stabilization of the market above the support.
Intraday operations:
Bitcoin long orders near 67800 to 68100, target near 69500;
Ethereum long orders near 3720 to 3745, target near 3800 to 3850.
