Jujingci: 5.18 Bitcoin/Ethereum Evening Trading Strategy and Market Analysis



Bitcoin/Ethereum has been retreating steadily after a previous surge, with a relatively large overall decline space. Our previous multiple short positions have been realized as expected. Currently, after a rapid drop in the early trading session, the market has entered a narrow range of fluctuation, with a generally weak trend. Bitcoin has even broken below the early low point, with the lowest reaching around 76,000. Tonight through early morning, focus on whether the previous secondary low of 74,900, which is near the 75,000 integer level, can form some support. The daily chart also shows continuous downward candles, indicating a weak trend. However, the short-term downside space is relatively large, and it is approaching a short-term support level. Tonight and early morning, consider attempting a short-term long position to catch a rebound rally.

Evening trading suggestions: Buy Bitcoin around the current price of 75,800 to 76,100, with targets near 77,500 to 78,500; buy Ethereum around 2,080 to 2,100, with targets near 2,150 to 2,180, and also watch 74,800 and 2,050.
BTC-2.22%
ETH-3.96%
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GuJingci
· 2h ago
Steadfast HODL💎
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GuJingci
· 2h ago
Just charge forward 👊
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Long-ShortEquityStrategyMaster
· 3h ago
Buy the dip 😎
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Long-ShortEquityStrategyMaster
· 3h ago
Hop on now!🚗
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