Monday, May 13, 2024, Bitcoin morning thoughts

Insufficient rebound momentum, short-term precautions against short-selling

It is a new week and a new day. After a small fluctuation on the weekend, the market rebounded in the early morning. After the price rose to 61880, it began to fall back under pressure. It is now in the 61300 area again. Yesterday, we clearly suggested that the big cake should be long in the 60700-60500 area. The trend of the market is also in line with our expectations. Yesterday, the market was slow and there were not many participants, but they all achieved the goal of getting Li. At present, the upward rhythm has slowed down, and we need to pay attention to the decline of the market! In terms of operation, we can treat it with a high-altitude thinking!

In the daily trend, after the big Yin closed on Friday, it was presented as a broken Yang. The momentum of the rebound is still weak, and the overall technical structure of the daily line is still in the process of oscillating and stepping back. All rebounds are contracted by the stepping back. The moving average and Bollinger bands show signs of continuing to radiate downward. In the short term of 4 hours, it is a slow upward trend, but this rebound has not given too much, so the upward momentum is insufficient, and the main thing is to follow the overall structure. If the overall structure is weak, treat it with a high-altitude approach!

On Monday morning, it is recommended to short the big cake around 61500-62000, and focus on the 60500-59800 line

On Monday morning, it is recommended to short ether around 2950-3000, and focus on the 2800-2750 line

What determines a person's success is not by heaven, nor by luck, but by persistence and dedication, and it is to do it continuously, repeatedly, and do it with heart! If you are still stuck in the quagmire, you might as well change a rescue method. Maybe there will be a new miracle, and those without direction will come! #ETH #香港加密货币ETF #Megadrop #BTC走势分析 #新币挖矿 $BTC $ETH $BNB