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May 18 Cryptocurrency Market Analysis ‼️
【Pay attention to the 4-hour level not breaking new lows】📉
Strategy: ✅ Reduce short positions and temporarily refrain from opening long positions ✅
1️⃣ 【BTC】
Downward trend, watch for BTC 4-hour level no longer breaking new lows
Resistance level above 77,600
Support level below, daily support at 75,346.
【ETH】
Downward trend resonating with BTC yesterday
Resistance level above 2,163
Key support level below on the daily chart at 2,065
2️⃣ 【ETH & BTC】 After three days of decline, do not blindly bottom fish. Without a sign of stopping the fall, there are no good opportunities. Close short positions gradually to lock in profits. No opportunities for longs, wait temporarily.
Need the 4-hour level to stop making new lows before looking for short-term rebound opportunities. The best scenario is that this dip is the end of the decline, also known as the acceleration of the fall.
If this helps you, please give Brother Qiang a like 👍 + follow.
All opinions are personal views only.
Not investment advice, DYOR.
Core key entry points shared in real-time within the TG group.