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May 27 Wednesday midday market analysis
ETH is currently in a correction phase after a decline, the first support at 2050 has not been broken, and it did not reach the strong bottom support before rebounding quickly, indicating that buying interest below is still effective, panic selling and floating positions have been thoroughly cleaned out, and the main players are clearly accumulating at the bottom.
According to our long-term strategy and the expected rhythm of the World Cup next month, the current bottom range of 2000-2100 is safe to place orders, with a longer stop-loss line.
Waiting for news to be announced, as always, Chuanzizi will take action.
The daily chart still shows an adjustment on the technical side, and the current position is suitable for phased long entries!
BTC trading suggestion: Go long around 75,000, take profit at 76,000-78,000, stop loss at 73,500
ETH trading suggestion: Go long around 2,060, add positions at 2,030, 2,010, take profit at 2,090-2,140