Bitcoin/Ethereum Trading Strategy and Market Analysis as of 5.29



Yesterday, the Bitcoin/Ethereum long positions around 73,000 and near 1,975 to 1,985 were set up during the daytime trading. After multiple dips, the market surged overnight to around 73,900 and 2,030. Overall, Bitcoin's space is limited, while Ethereum still has good potential. This kind of rebound in Bitcoin is not very strong, and Ethereum's rebound trend is more conducive to subsequent stabilization and upward movement. Currently, the market is pulling back after reaching highs, and the long lower shadows on the daily chart indicate some support below, especially at the 72,000 and 1,930 levels, which serve as the lower boundary of the previous daily box. Since the market has retraced to this level, there is no need to chase short positions; instead, rely on the lower box structure to pull back and go long.

Trading Suggestions: Buy near 72,800 to 73,200 for Bitcoin, with targets around 74,500 to 75,500; buy near 1,985 to 1,995 for Ethereum, with targets around 2,050 to 2,080, with the support levels at 72,000 #成长值抽奖赢金条 and 1,930.
BTC0.29%
ETH0.78%
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LeftInk
· 20h ago
Just charge forward 👊
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GateUser-d95cf383
· 05-29 06:21
Thank you for sharing.
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Long-ShortEquityStrategyMaster
· 05-29 04:53
Just charge forward 👊
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