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$ETH May 21 Thursday afternoon Bitcoin and Ethereum latest ideas and analysis
Don't let your imagination die at the starting line. You're only one cycle away from freedom. Be patient and see the light after the clouds part, be a friend of time, and wait for your own tsunami.
Reviewing this morning's Bitcoin, from the low of 77,226 all the way up to the midday high of 78,180.
Then it came to the current level of 77,886.
Based on the current market situation, the big drop from 82,000 a while ago, that large bearish candle was like a knife, directly piercing through the bullish momentum.
Now it looks like a rebound to 77,000 or 78,000, but if you look closely, the candlestick is moving sluggishly, and the bulls have no strength to push back.
Looking at the indicators below, the MACD has crossed bullish, but this golden cross occurred far below the zero line—classic weak rebound.
Old Lei has been in this circle for so many years, and he's most afraid of this kind of rebound: slow to rise, but when it falls, it turns hostile.
Above, the 79,000 and 80,000 levels are all trapped positions, and the main force is only now trying to shake out the trapped traders.
In my opinion, this rebound won't last long; most likely, it will turn downward again, aiming for 75,000 or even lower.
May 21 afternoon trading ideas
Short around 78,200 for Bitcoin, target 76,800
Short around 2,150 for Ethereum, target 2,080#TradFi交易分享挑战