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5.9 Morning Auntie Board 🍜 Poetry’s View: Weakness at a high level—short rallies!
From the previous low at 2218.83, the upward move started, topping out at 2422.52, then quickly fell back. Currently trading around 2304.26, overall it’s in a weak repair phase after consolidation at a high level. Price action is weaker than BTC, and the rebound strength in the short term is limited. Green bars keep showing; the bearish momentum has not been fully released, and there is still downside pressure in the near term.
Resistance above: 2330-2350 range, strong resistance at 2422
Support below: 2270-2250 range, strong support at 2220
Auntie’s suggestion: Short around 2325-2345. Stop loss above 2370. Targets at around 2270-2250. If it breaks down, look around 2220.
$BTC $GT $ETH
#比特币跌破8万美元
#ArthurHayes看好山寨币
#稳定币储备下降