Bitcoin is currently rebounding near the previous low of 25900, then the upper supply zone is at 26680-26880. If the price reaches this position, it needs to be observed whether a supply will form. The overall situation is in a downward triangle. If it breaks below the previous low and tests the previous low, there will be demand to form a rebound, but from Volume energy observation shows that the bullish volume energy is very weak, so once the supply zone is tested, it will continue to fall, and it is not expected to rebound and break through the previous high to form a turning trend. The high point will only continue to decrease, and then the center of gravity will continue to shift downward, so short and long You need to consider closing when you are ready.
Resistance level【26680, 26880, 27160】
Support level [25800, 25200, 23900]
The linkage of Ethereum forms a rebound. The pressure above Ethereum is between 1826-1840. We need to pay attention to whether the price will form a strong supply. At present, the price has reached the lower edge of the channel to form a test and shrink. It is also not optimistic that it will break through the previous high of 1880. The center of gravity It will continue to move downward. In addition, it was mentioned yesterday that the large level has a falling wedge structure, but it should be noted that the slope of the falling wedge structure is not particularly sloping, so even if it breaks upward, it is not optimistic that it will rise sharply. There is a high probability that it will rise horizontally, but no matter It is currently a bearish trend, so go with the trend.
Resistance level【1826, 1840, 1880】
Support level [1738, 1700, 1685]
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 26, 2023
The above analysis is for reference only and does not constitute investment advice.
