Bitcoin is currently continuing to fall, and has fallen below the 12-hour triangle structure. It was originally expected to continue to fluctuate and converge, so the choice to break now shows that the price is oversupplied in the short term, and from the 4-hour perspective, the bullish power is almost covered up, but this The breakout is not strong, but it is already a short trend at the 12-hour level. For the 2-4 hour level, the decline can only be stopped if it breaks through 28280. It is more difficult to stop the decline. Overall, the risk is still very high. Although the short trend is established, However, in order to form a substantial decline, it still needs to be restrained. It is difficult for the current trend to fall significantly. However, the continued decline is also very annoying to test the demand. But what is certain is that the price cannot rise now. 31,000 is currently a staged band high. point.
Resistance level【28280, 28800, 29121】
Support level [26600, 26480, 25200]
Ethereum fell in conjunction and fell below 1825, but because it did not fall strongly below the neckline of 1785, it still needs to be observed, but in any case, the overall trend is bearish. The recent reminders to reduce positions are also because the price cannot rise. From 12 hours It seems that the short fall is accompanied by heavy volume, so we still need to be cautious.
Resistance level【1880, 1940, 1960】
Support level [1760, 1666, 1460]
The market is changing rapidly. If you make a profit, move the stop loss to the opening price in time. The point can only be used once. Do not open the same point again after being stopped. Do not place orders at high times. You must bring a stop loss. Stop the loss twice and close the position gradually. Open a position and gradually reduce the position. If others are greedy, I will be fearful. If others are fearful, I will be greedy. It is not recommended for novices to do futures contracts.
May 12, 2023
The above analysis is for reference only and does not constitute investment advice.
