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May 29 Cryptocurrency Market Analysis ‼️
【Rebound then Drop】
Strategy: ✅ No reversal after decline, today betting on a rebound ✅
1️⃣ Major Market 【BTC ETH】 Current Key Support Levels:
【BTC】 Betting on a rebound
Open position: Around 73,500.
Stop loss: 73,100
Take profit: 74,100
【ETH】 Betting on a rebound
Open position: Around 2,010
Stop loss: 1,995
Take profit: 2,030
Both long and short positions, see the following text for short entry logic:
2️⃣ 【ETH & BTC】 Today betting on a rebound, continue to wait for a strong bullish candle to rise, then close long positions for profit, based on the 4-hour MA22 moving average as the dividing line. For short entries and stop loss points, place them at the 4-hour MA22. Short positions are opened at a high, with stop loss if the 4-hour closing price is above MA22.