Bitcoin is currently running around the downward channel. It made a slight correction yesterday, but did not fall below the previous low. Therefore, it is still bullish at the 2-hour level, but it is necessary to pay attention to the pressure near the previous high. Currently, it is judged that the downward trend is dominated by shocks, and there is no bottom structure at the small level. , so it is difficult to rise sharply, so we need to be cautious.
Resistance level【27500, 28500, 29150】
Support level [26700, 25200, 23900]
Ethereum is mainly linked to each other and is still in the flag shape. Although there is a potential decline expectation, it remains long before the low is broken. The previous low was 1785. If it does not fall below, it will be bullish around the 2-hour level, but for larger levels We need to be cautious. Unless the price falls again to test the support near 1765 and rebounds again to break through the previous high to form a double bottom structure, it will be difficult to continue to rise. Even if it rises, it will easily fall, especially now near the neckline.
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 17, 2023
The above analysis is for reference only and does not constitute investment advice.
