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May 7 Cryptocurrency Market Analysis ‼️
【Deep squats for better health】
Strategy: ✅ The 80k level has been broken ✅
1️⃣ Market Overview 【BTC ETH】 Current key support levels:
【BTC】 Short position
Open: Around 80,100
Stop loss: 80,350
Take profit: Around 78,870
【ETH】 Short position
Open: Around 2,295
Stop loss: 2,310
Take profit: Around 2,250
2️⃣ 【ETH & BTC】 The 4-hour timeframe is in a downtrend; based on the 4-hour trendline, if the price reaches near the trendline, you can continue to bet on short positions. If the price drops significantly, a rebound is also normal.
Pay attention to the 80k-81,000 point level; the 1-hour candlestick closing price must be above this area, and the 4-hour downtrend line must be broken to switch from short to long. Currently, conditions are not met, so treat all positions as shorts for now.
If this helps you, please give Brother Qiang a like 👍 and follow.
All opinions are personal views only.
Not investment advice. DYOR.