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May 11 Cryptocurrency Market Analysis ‼️
【Previous High Resistance】
Strategy: ✅ Continue upward ✅
1️⃣ Major Market 【BTC ETH】 Current key support levels:
【BTC】Long
Open position: Around 80,600
Stop loss: 80k
Take profit: Around 81,500
【ETH】Long
Open position: Around 2,325
Stop loss: 2,300
Take profit: Around 2,360
【BTC】Break below 80k and reverse to short
Open position: Break below 80k
Stop loss: 1-hour closing price back above 80k
Take profit: Around 79,000
【ETH】Break below 2,300 and reverse to short
Open position: Break below 2,300
Stop loss: 1-hour closing price back above 2,300
Take profit: Around 2,260
2️⃣ 【ETH & BTC】Yesterday, attempts to hit previous highs faced resistance, and the bears pushed prices down again. It seems that around 82,000, the pressure is quite strong. Conclusion: support at 80k is effective, and resistance at 82,000 is quite strong. Today, going long means holding as long as it doesn’t break below 80k; if it breaks below 80k, you can reverse to short.
If this helps you, please give Brother Qiang a like 👍 + follow.
All opinions are personal views only.
Not investment advice, DYOR.