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May 13 Cryptocurrency Market Analysis ‼️
【Tonight's Breakout Watch】📈
Strategy: ✅ Test the support level and reach the target ✅
1️⃣ Market Overview 【BTC ETH】 Current key support levels:
【BTC】Long
Open positions: Order 1: 80400, Order 2: 79500.
Stop loss: 79181
Take profit: 82500 (taking profit is a bit far; you can choose to dynamically close after profits)
【ETH】Long
Open positions: Order 1: 2273, Order 2: 2250
Stop loss: 2200
Take profit: 2432 (taking profit is a bit far; you can choose to dynamically close after profits)
2️⃣ 【ETH & BTC】 Yesterday, the price dipped below 80k, tested a stop decline at 79,800, then immediately recovered.
In yesterday's live broadcast, I mentioned the head and shoulders pattern for these two, both small and large scales. After breaking below 80k on the small scale, it immediately recovered. Currently, it’s testing the first support, with a risk of a second retest. Hold long positions with a defensive stance, targeting 82,460.
Old T’s visit to China has basically been discussed in the preliminary talks; without actual improvements, he won't come. So if there's a sharp drop when the US stock market opens at 9:30 tonight, it might be a good short-term long opportunity, possibly taking off during the session.
If this helps you, please give Brother Qiang a like 👍 + follow.
All opinions are personal views only.
Not investment advice, DYOR.