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$BTC $ETH After Black Friday, I am back with weekend market updates!!!
Currently, after stabilizing and warming up at the low levels, the market is gradually entering a high-level sideways consolidation phase.
Although bullish sentiment has been somewhat restored, the selling pressure above remains obvious, making it difficult to break out with a strong upward move in the short term.
The overall rhythm still mainly revolves around range-bound oscillations.
In terms of trading, focus on the effectiveness of key resistance and support breakouts, follow the trend, adjust your strategy flexibly, and avoid fighting against the trend.
Key support below: 80,000-79,500.
If the market stabilizes and stops falling within this range, consider going long to capture rebound profits.
Key resistance above: 81,000-81,500.
If the market cannot effectively break above and stabilize for a long time, it is likely to continue oscillating.
After a rebound faces resistance, you can still go short with the trend to seek a pullback for profit.
#Gate广场五月交易分享
Currently, after stabilizing and warming up at the low levels, the market is gradually entering a high-level sideways consolidation phase. Although bullish sentiment has been somewhat restored, selling pressure above remains obvious. In the short term, it is difficult to see a strong upward surge in a straight line, and the overall rhythm remains mainly within a range of oscillation. In terms of operation, focus on the effectiveness of breaking key resistance and support levels, follow the trend, adjust strategies flexibly, and avoid fighting against the trend. Key support below: 80000-79500. If the market stabilizes and stops falling in this area, it is possible to position for long positions and seize rebound profits. Key resistance above: 81000-81500. If it cannot effectively break and stabilize above this level for a long time, the market is likely to continue oscillating. After a rebound faces resistance, it is still possible to go long on high positions to capture the retracement space. #GateSquareMayTradingShare