Gujingci: 5.20 Bitcoin/Ethereum Trading Strategy with Market Analysis



Since Bitcoin/Ethereum started to decline, these past two days have been focused on narrow-range fluctuations with a high sell and low buy approach. The overall trend remains bearish, with short-term volatility, but although this sideways market doesn't have much room, executing multiple waves can still yield good gains. Last night, long positions around 76,500 and 2,100 were pushed up to about 77,500 and 2,137, also reminding to take profits when the move looks good. The market rose, then followed the trend to short, and after two days of consolidation, a reversal is likely. Be prepared to follow the trend carefully.

Trading suggestions: Short around 77,500 to 78,000 for Bitcoin, targeting 75,500 to 76,500; short around 2,135 to 2,150 for Ethereum, targeting 2,060 to 2,090, with a secondary target of 78,500 and 2,180.
ETH-0.4%
BTC-0.48%
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Bull111
· 15h ago
Just charge forward 👊
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sheSh
· 05-20 16:30
Just charge forward 👊
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GuJingci
· 05-20 13:13
Chong Chong GT 🚀
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GuJingci
· 05-20 13:13
Steadfast HODL💎
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GuJingci
· 05-20 13:13
Just charge forward 👊
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Long-ShortEquityStrategyMaster
· 05-20 09:18
Just charge forward 👊
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