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May 4th Cryptocurrency Market Analysis ‼️‼️
【Can Follow with Defensive Strategy】
Strategy: ✅ Breaking the 80k level requires the daily chart to stay above ✅
1️⃣ Major Market 【BTC ETH】 Current Key Support Levels:
【BTC】Long Positions
Open Orders: Order 1: Near 79,400, Order 2: Near 78,700
Stop Loss: 78,255
Take Profit: Take Profit 1: Near 81,000, Take Profit 2: Near 82,000
【ETH】Long Positions
Open Orders: Order 1: Near 2,355, Order 2: Near 2,328
Stop Loss: 2,299
Take Profit: Take Profit 1: Near 2,430, Take Profit 2: Near 2,500
2️⃣ 【ETH & BTC】BTC surpassing the 80k mark requires the closing price today to also stay above 80k to be considered truly stable. You can chase longs, with the daily attack target around 82,000, maintaining a defensive stance.
Based on the 1-hour lower trend line, do not break below the trend; continue attacking upward. Before ETH breaks through the daily chart's downward channel resistance, it will strengthen, with a target to break the previous high resistance at 2,463.
If this helps you, please give Brother Qiang a like 👍 + follow.
All opinions are personal views only.
Not investment advice, DYOR.