#Gate广场五月交易分享 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, to see if it can break through 79,000
Resistance level above 78,665
Key support level on the daily chart at 75,346
【ETH】
In resonance 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; after low volatility on Saturday and Sunday, BTC still dropped $1,000
The first support level on Sunday-Monday has been reached, beginning a low-position correction, moving upward to the key resistance level 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.
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All opinions are personal views only
Not investment advice, DYOR
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BTC-1.95%
ETH-3.43%
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