Bitcoin rebounded and rose to around 27600 to form a supply, and there is a certain supply. However, it should be noted that the bull volume of this rebound is very weak. The daily line is relatively obvious, and it closed the long upper shadow line yesterday, so observe the subsequent secondary test. Can it continue to reach new highs? If it cannot and falls below 26,700, we must pay attention to the risk of a correction. The overall trend is currently running below the downward channel. It will be difficult to break through 28,200 in the short term, and we still need to avoid risks.
Resistance level【27500, 28500, 29150】
Support level [26700, 25200, 23900]
Supply also appeared after Ethereum's linked rise. Ethereum currently has a potential 2-hour level falling flag pattern, and it occurred during the process of stepping back on the neckline, so this position is more dangerous. Observe whether the second test will continue to reach new highs. If not, pay attention. Will it fall below 1785? If it falls below, it will test the previous low of 1738.
Resistance level【1834, 1880, 1912】
Support level [1786, 1738, 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 16, 2023
The above analysis is for reference only and does not constitute investment advice.
