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May 2 Cryptocurrency Market Analysis ‼️
【The surge is strong, but the risk of not surpassing the previous high still exists】
Strategy: ✅Squat down again for better health✅
1️⃣ Major Market 【BTC ETH】 Current key support levels:
【BTC】Short position
Open: Around 78,500
Stop loss: 78,879
Take profit: Take profit 1: around 76,000, Take profit 2: around 75,000
【ETH】Short position
Open: 2,310
Stop loss: 2,346
Take profit: Take profit 1: 2,250, Take profit 2: 2,210
2️⃣ 【ETH & BTC】Stop loss is normal; if the previous high isn’t surpassed yesterday, trading will be relatively quiet on Saturday and Sunday. Watch for a breakout above 78,879; if it surpasses the previous high, then chase long positions.
Monthly line expert opinion:
The lowest point in May’s market did not appear (pay attention to about 73,000 in the first third of April’s candlestick body, and the market at about 71,000 in the middle of the first half of April might be the lowest point of May). It’s best to confirm the lowest point in the first half of May, then continue to push higher later in May.
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All opinions are personal views only.
Not investment advice, DYOR.