Sometimes it's enjoyable, sometimes it's not; continuously enjoyable, continuously not. Bitcoin retreated as scheduled to the low point of 80,300 in the early morning, touching the key support below, then stabilized and rebounded to around 82,000. This wave, not to say it was overly full, with a thousand-point range easily taken, we easily captured 1,200 points on our main position. Ethereum was too sluggish, so we didn't enter the market tonight. Overall, after the surge in the early morning, the market did not show significant volatility, and it is still maintaining a high-level consolidation.



From the current chart, on the four-hour structure, Bitcoin's large bearish candle fell to the midline and stabilized, with a doji candlestick correcting the market. The bulls' three consecutive positive candles pushed up to the upper band, clearly showing a bullish pattern. On the hourly chart, this rebound did not extend deeply, and a pullback after the surge is a normal trend. Given the potential above, the bulls are still in a strong phase, so the main strategy remains to buy low and sell high.

In the early morning, Bitcoin can be bought at 81,200-80,800, targeting around 83,000. Ethereum can be bought at 2,310-2,280, targeting around 2,400. #Gate广场五月交易分享
BTC-0.06%
ETH-1.62%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin