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#Gate广场五月交易分享 May 12 Cryptocurrency Market Analysis ‼️
【Previous High Resistance】
Strategy: ✅Test support ✅
1️⃣【ETH & BTC】Yesterday, it was pushed down again at 82,000, indicating that the bears are still strong. Support at 80k below. Today remains the same; if you go long, focus on not breaking below 80k to continue buying. If it breaks below 80k, you can reverse and short.
ETH has already broken 2300 points; look for resonance points with BTC.
2️⃣ Market Overview 【BTC & ETH】
【BTC】Waiting for a 15-minute breakout of the descending channel
Open position: Not in a hurry to open a long position, watch for not breaking 80k and a breakout of the 15-minute trend line.
【ETH】Waiting for a 15-minute breakout of the descending channel
Open position: Find resonance with BTC
【BTC】Break below 80k short
Open position: Break below 80k
Stop loss: 1-hour closing price back above 80k
Take profit: Near 79,000
If this helps you, please give Brother Qiang a like 👍 + follow
All opinions are personal views only
Not investment advice, DYOR