Bitcoin formed a support near 26500 after a brief correction and is now rebounding. There is currently a potential double bottom structure at the 2-hour level. If it breaks through 27700, it will most likely reach 28900. Failure to have an effective breakthrough does not count. In addition, it should be noted that 27700 is a pressure support. The positions are swapped, so it is hard to say whether it can break through. It is currently a short trend. Betting on a long breakthrough is a contrarian behavior, so you need to be cautious.
Resistance level【27700, 28500, 29150】
Support level [26500, 25200, 23900]
Ethereum also has a potential double bottom structure, with the neckline at 1846. If there is an effective breakthrough, it can go to 1910. If it does not occur, it does not matter. If there is no way to break through in the future, then there is a high probability that a relay structure will be formed, which will increase the probability of decline, so it is still Caution is required.
Resistance level【1846, 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 18, 2023
The above analysis is for reference only and does not constitute investment advice.
