Post
艾叔
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Market Insights for May 12:
Still maintaining yesterday's live insights; if you watched the live stream, there's no need to read the text version.
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1. $BTC
Bitcoin continues to operate within a small channel; engage in long and short positions. If it breaks down, look for a rebound at the channel resistance to enter the market and participate in the next phase of the pullback.
The weekly candle has closed, with the key turning point at 9.95. This week, whether it spikes or stays above this level, continue to look for new highs.
Daily structure resistance is at 10.56; upper target levels are also resistance at 11.4 and 13.7
(Trade where you want to go)
Lower support: 11.15 10.02
Since Bitcoin isn't offering much excitement, look to participate in altcoins during pullbacks; altcoin breakouts and retests at support are better than just watching or being shaken out by Bitcoin.
2. $ETH
Yesterday's insights provided enough for both long and short positions.
Today, focus on passing 2550, then wait for new highs at 2640, 2820, 2950.
Lower support at 2360.
Still maintaining yesterday's live insights; if you watched the live stream, there's no need to read the text version.
---------------------
1. $BTC
Bitcoin continues to operate within a small channel; engage in long and short positions. If it breaks down, look for a rebound at the channel resistance to enter the market and participate in the next phase of the pullback.
The weekly candle has closed, with the key turning point at 9.95. This week, whether it spikes or stays above this level, continue to look for new highs.
Daily structure resistance is at 10.56; upper target levels are also resistance at 11.4 and 13.7
(Trade where you want to go)
Lower support: 11.15 10.02
Since Bitcoin isn't offering much excitement, look to participate in altcoins during pullbacks; altcoin breakouts and retests at support are better than just watching or being shaken out by Bitcoin.
2. $ETH
Yesterday's insights provided enough for both long and short positions.
Today, focus on passing 2550, then wait for new highs at 2640, 2820, 2950.
Lower support at 2360.