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On Monday opening, the dog whale caused trouble again, first pushing up a big V Tianlong, Bitcoin temporarily rose to around 82,500, then reversed sharply, dropping the big V down to around 80,500, chasing the rally and then selling off, experiencing a roller coaster ride...
Currently, there are no obvious signs of a top, so shorting still remains a left-side guess of a top, and only light positions should be used to try to participate. Keep an eye on the resistance at 83,000 and 84,000, and consider trying short positions around these levels to avoid getting trapped.
For long positions, I still do not recommend chasing the rally, at least not going long above 80,000. For low positions, consider trying around 79,500 and 78,500.
For Ethereum low buys, consider trying around 2,300 and 2,280, with small stop-losses. If the pullback holds here and doesn’t break down, the bulls may still push to break 2,400 and even 2,500, offering a good value. The purpose of a small stop-loss is to prevent the market from dropping straight through, as the rebound has already occurred.
If you want to participate in Ethereum high positions, I personally think at least above 2,400 to have a better profit margin. Consider trying around 2,450 and 2,500. #Gate广场五月交易分享 $BTC