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Milan submitted his resignation for the Woshten position, cautious about chasing the rebound in the coin price! 5.15 Bitcoin Auntie's Strategy
Federal Reserve Board Member Milan submitted his resignation on Thursday, for the new Chair Woshten position. Since taking office last year, he has cast opposition votes in all six meetings he attended—complaining that rate cuts are too slow and too few. Now he supports Woshten and leaves a suspense: will the Fed's communication and balance sheet policies shift because of this?
On the technical side, after three consecutive bearish days on the daily chart, Bitcoin Auntie closed with a huge bullish candle this morning. It fell for three days and then recovered in one day. The upper shadow of the bullish candle is much longer than the lower shadow, indicating weakness in Ethereum again, possibly due to the US-China meeting. So, do not blindly chase the rally; the main idea remains to maintain a rebound-intraday shorting strategy!
5.15 Short Position Strategy
Continue short at the current Bitcoin price of 81,300-81,800, add positions at 82,300-82,600, with a stop around 83,000. Target around 80k-79,500-79,000. If broken, look at 78,500-78,000-77,500, and continue moving stop-loss based on the situation to lock in profits!
Ethereum current price 2,290-2,320, continue short, add at 2,350-2,370, with a stop around 2,400. Target around 2,230-2,200. If broken, look at 2,170-2,150, and continue moving stop-loss based on the situation to lock in profits!
5.15 Long Position Strategy
Bitcoin retraced to 76,500-77,000, buy one lot, with a stop around 76,000. Target around 78,000-78,500-79,000. If broken, look at 79,500-80k.
Ethereum retraced to 2,170-2,200, buy one lot, with a stop around 2,140. Target around 2,250-2,280. If broken, look at 2,300-2,330-2,350.
Starting to short from last week's high, clearly following a short strategy for several days. The overall trend is very in line with expectations. Yesterday, I entered during the daytime with a stop-loss to protect capital, and in the evening, I shorted and am still holding. Be patient and stick to risk management! $BTC $ETH #Gate广场五月交易分享