Bitcoin has currently rebounded to the supply area, but there is no strong supply from the perspective of volume. This is probably because it is entering the weekend. However, from the 4-hour view, there is an upper shadow line, indicating that there is some selling pressure, but not much, so the follow-up Observe whether a 1-2 hour double top structure will form. Currently, it is judged that the probability that this second test will rebound and break through the previous high is not high, so the overall trend is still bearish. It is currently just a rebound test, and the test is still bearish after the test is completed.
Resistance level【26900, 27160, 27500】
Support level [26300, 25800, 25200]
Ethereum has also rebounded to the supply area, reaching a maximum of 1835. The same amount of energy has not increased. In addition, it is currently close to the trend line. It will be observed whether it will break through the falling wedge in the future. However, even if it breaks through, it will have to break through the previous high of 1880, but 1880 formed a strong supply before. Therefore, the closer it is, the easier it is to appear, so we still need to be cautious. We are not optimistic about breaking through the previous high of 1880. We will wait for the weekend to see whether the short-term structure will build a top structure and form a pullback.
Resistance level【1840, 1860, 1880】
Support level [1808, 1738, 1700]
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 27, 2023
The above analysis is for reference only and does not constitute investment advice.
