May 17 Cryptocurrency Market Analysis ‼️


【Global decline 📉BTC begins correction】
Strategy: ✅ Short positions held ✅
1️⃣ 【BTC】
Yesterday tested support level 77,726, there may be another upward push on the 4-hour chart, pushing near 78,650, see if it can break through 79,000
Resistance level above 78,665
Key support level on the daily chart at 75,346
【ETH】
Resonating with BTC, tested support level 2,170 yesterday
Resistance level above 2,210
Key support level on the daily chart at 2,065
2️⃣ 【ETH & BTC】BTC trend is downward, continuing adjustment over the weekend with low volatility or a drop, BTC still falling by 1,000 dollars
First support level reached on Sunday-Monday, beginning to adjust at low levels, moving up to key resistance levels to see if it can break through. Based on last week’s US stock market trend, further decline and adjustment are expected.
Continue holding short positions.
If this helps you, please give Brother Qiang a like 👍 + follow
All opinions are personal views only
Not investment advice, DYOR
Real-time point levels shared in the TG group on the homepage!
BTC0.8%
ETH1.13%
View Original
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
  • Pinned