The detailed analysis of this month's earnings is as follows:

The overall performance of transactions in May was excellent, with a total of 21 transactions, of which 15 were profitable and 6 were loss-making. The number of profitable transactions accounted for more than 70%. All entry and exit price details can be checked on the daily dynamics of the Penguin account, which is realistic and clear at a glance! The Master Chen team will continue to maintain this state, and I believe that more brilliant achievements can be created in future transactions! #BTC走势分析 #BTC☀️ $BTC $ETH #5月市场关键事件

According to the short-term pre-buried order in the Master's lunch analysis, the long position is in the 67500-67900 area, and the target is 68900-69300. The entry point of the Master's real-time students is around 68000. As of now, the price has reached 69082.6, which is in line with the pre-buried and Master's real-time target range. Therefore, today's profit has achieved the predicted target and won 900 points! #贝莱德IBIT比特币持有量反超灰度GBTC #BTC☀ #比特币走势分析 $BTC $ETH

The impact of changes in the core PCE price index on the cryptocurrency market:

1. Monetary policy and interest rate expectations: The core PCE price index is an important indicator for the Federal Reserve to assess inflationary pressures. If the core PCE price index is higher than expected, it may lead to stronger expectations of interest rate hikes by the Federal Reserve and a stronger US dollar, and this tight monetary policy usually has a negative impact on the cryptocurrency market. On the contrary, if the index is lower than expected, it may weaken expectations of interest rate hikes and even lead to expectations of interest rate cuts, which will be beneficial to the cryptocurrency market.

2. Market sentiment and risk appetite: Inflation data tends to affect investors' risk appetite. In the case of rising inflation and stronger expectations of interest rate hikes, investors may turn to more conservative assets such as Treasury bonds and cash, and reduce investment in high-risk assets such as cryptocurrencies. This shift in risk aversion may cause cryptocurrency prices to fall.

3. The strength of the US dollar: A high core PCE index usually leads to a stronger US dollar, which is usually unfavorable for cryptocurrencies denominated in US dollars. A strong US dollar reduces the ability of holders of other currencies to buy cryptocurrencies, thereby depressing their prices.

4. Capital flows and investment allocation: If inflationary pressures ease and the Fed maintains an accommodative monetary policy, more funds may flow into risky assets, including cryptocurrencies. On the contrary, if inflationary pressures rise, funds may withdraw from risky assets and flow to safer investment targets. #PCE数据 #5月市场关键事件 #EarnFreeCrypto2024 $BTC $ETH

Master Chen 5.30: Panic selling pressure appears? Short-term strategy and key position analysis #BTC走势分析 #比特币走势分析 #贝莱德IBIT比特币持有量反超灰度GBTC

BTC 4 hours:

Bitcoin continues to fluctuate in the range and show a downward trend. Due to the intensified panic of Mt. Gox, investor confidence has been frustrated. In addition, the sharp rise in US Treasury yields has also led to a decline in the stock market, and it is currently in a short-term rebound trend.

Due to the formation of a rapid downward trend, the price is expected to consolidate and break through the resistance level. However, based on the current market analysis, Bitcoin is expected to fluctuate in the range. Master Chen personally believes that even if there is selling pressure on Mt. Gox, it will only lead to short-term adjustments.

Resistance level reference:
First resistance level: 68400

Second resistance level: 68900

In the short term, attention should be paid to the resistance of the downward trend line. It is expected that there may be a short-term adjustment at the first resistance line. Compared with a rapid breakthrough, Master Chen believes that it is more likely to consolidate and form a range of fluctuations. It is recommended to flexibly adjust positions while observing whether there is a breakthrough.

Support level reference:
First support level: 67680

Second support level: 67180

It is recommended to set the second support level as an important support, because this is the area where the previous low and the previous high after the previous rise overlap, and the price of Bitcoin has held this position many times.

It is expected to rebound at the second support level, but if it falls below this important support line, then you need to pay attention to possible panic selling pressure.

Today's trading suggestions

Pay attention to the fluctuations in the 67600~68400 range and flexibly adjust long and short positions. Since the direction is unclear, do not stick to a single direction. It is recommended to take appropriate profit at the resistance and support positions.

Please refer to these suggestions when trading

5.30 Master's short-term pre-buried orders:

Long entry reference: 67200-67600 range, long in batches, defense 500 points, target 68400-68900

Short entry reference: 68500-68900 range, short in batches, defense 500 points, target 67700-67200

The content of this article is exclusively planned and released by Master Chen (public account: Master Chen, the God of Coins). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Master Chen to learn and communicate. I hope it can help you find what you want in the currency circle. Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend;Daily updates of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen. The other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please carefully distinguish the true from the false. Thank you for reading. $BTC $ETH

Master Chen 5.29: After falling below the previous low point, it stabilized and rebounded? Adjust the market's long and short ideas #BTC走势分析 #比特币走势分析 #美众议院通过FIT21法案 #5月市场关键事件
Yesterday, Master Chen's midday article pre-buried long positions in batches in the 67600-68000 range, and the market fell to around 67548 at 10 pm. Then it rose to 68975 this morning, and the long position won 1400 points. The short positions pre-buried in the 69500-69900 range did not reach the short position entry position because the Bitcoin price did not continue to rise, resulting in missing out.

BTC1 hour:

As Master Chen mentioned in the analysis given to the real-time students at the closing yesterday, after the sharp short trend breaks through, the probability of trend change will be higher.

In the case of a brief break below the previous low of 67700, Master suggests that everyone wait and see first. For mid-term trading, you can wait for the K-line to form a lower shadow before entering the market.

The market is currently uneasy about the selling pressure of Mt.Gox, but relevant personnel of Mt.Gox said that the transfer of Bitcoin was not for selling and held the low point.

In addition, Master will continue to maintain a bullish view if the long-term upward trend line remains good.

The first resistance of the day is 69120, and the second resistance is 69400. The reason why Master sets the resistance level relatively short is to deal with the selling range formed on the 25th and 26th.

In addition, Master believes that when the price breaks through the first resistance, it will be more likely to stand firm at the first resistance level after adjustment and break through again.

The first support is 68680, and the second support line is 68350. For ultra-short-term trading, if the price is near the second support level, it can be regarded as an opportunity to enter the market for short-term layout. At the same time, it is also necessary to pay attention to the trend of the 20-day moving average and maintain the view of low-level rebound.

In today's trading, you can keep a low-long view in the short term and wait for adjustments to occur.

In addition, Master believes that in the current situation, instead of chasing high to buy, it is better to wait for the K-line to form an upper shadow line and then adjust before entering the market. This will not only have a better risk-return ratio, but will also be easier to deal with when holding positions.

Please refer to these suggestions when trading

5.29 Master's short-term pre-buried orders:

Long entry position reference: 68000-68400 range, long in batches, defense 500 points, target 69000-69200

Short entry position reference: 69000-69400 range, short in batches, defense 500 points, target 68300-68000

The content of this article is exclusively planned and released by Master Chen (public account: Master Chen, the God of Coins). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Master Chen to learn and communicate. I hope to help you find what you want in the currency circle. Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily updates of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen. The other advertisements at the end of the article and in the comment area have nothing to do with the author himself! ! Please carefully distinguish the true from the false. Thank you for reading.

It's a good time to pick up 💰 in the short term. Today, the short-term long position won 600 points, and the short-term short position won 700 points. A total of 1,300 points, the market for turning over positions must be stable and accurate! #BTC走势分析 #BTC走势预测 #美众议院通过FIT21法案 $BTC $ETH

Pre-buried more accurately again, congratulations to the fans who followed! #比特币走势分析 #BTC走势分析 #美众议院通过FIT21法案 $BTC $ETH

Master Chen 5.28: The big positive line gains are shed. Pay attention to the stop-loss signal. Low and long are the main $BTC $ETH #美众议院通过FIT21法案 #BTC走势分析 #比特币走势分析

Yesterday, Master Chen’s article at noon pre-buried more in batches in the 68100-68500 range. The market fell to around 68275 at 7 pm, and the long order target of 69200-69500 ​​was perfectly reached. Unfortunately, the short orders pre-buried in the article were swept, although there are occasional sweep strategies. But Master Chen believes that occasional trading stops are not terrible. The important thing is to maintain principles and strictly implement stop-profit and stop-loss trading plans to last long.

BTC 4 hours:

Bitcoin broke through $70,000 last night and is now in a box-shaped sideways phase.

The approval of Ethereum ETF is the starting point, and the market is also looking forward to rising again to the previous high. However, from the current market macro level, the expectation of interest rate cuts has weakened, and there is no very favorable momentum for a rebound under the unstable international situation.

Since yesterday's big positive line gains have all been shed and are in the adjustment stage, Master believes that we need to pay attention to whether the price can hold the rising trend line in the short term.

Key resistance level:

First resistance level: $69,500

Second resistance level: $70,500

If the price of Bitcoin can return to the first resistance level, the view of short-term rise can be maintained. Since the current adjustment has caused the price to approach the rising trend line, Master judges that this is a range with a good profit and loss ratio in the short term and can expect a rebound.

Key support level

First support level: $68,500

Second support level: $68,000

Today we can set the first support level as an important support level. If it falls below, it will open up the downward space below $68,000. If it falls below the rising trend line support, it will switch to a bearish view and expect a rebound near $68,000.
Today's trading strategy

Overall, we will adjust our viewpoints and conduct short-term trading when approaching the rebound area. As of now, all the gains from yesterday have been reversed, so we can observe the short stop loss signal in the small-level trend chart and plan to mainly do long at low levels.

Please refer to these suggestions when trading

5.28 Shiye short-term pre-buried orders:

Reference for long entry position: 67600-68000 range, do long in batches, defend 500 points, target 69000-69500

Short entry reference: short in batches in the range of 69500-69900, defend 500 points, target 68500-68000

The content of this article is exclusively planned and released by Master Chen (public account: Master Chen, the God of Coins). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operation skills, and K-line knowledge, you can add Master Chen to learn and communicate. I hope to help you find what you want in the currency circle. Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily updates of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen. The advertisements at the end of the article and in the comment area have nothing to do with the author himself! ! Please carefully distinguish the true from the false, thank you for reading.

The long order target buried at noon was perfectly fulfilled, and the short-term stable profit was taken, focusing on precise sniping! #BTC走势分析 #比特币走势分析 $BTC $ETH

Master Chen 5.27: Short-term long and short hit again on Sunday, key support and resistance level analysis

In Master Chen's midday article yesterday, he pre-buried long orders in batches in the 68000-68400 range. The market fell to around 68155 in the morning, and then rose to 69332. The pre-buried long orders won 1100 points.

And the short orders pre-buried in batches in the 69600-70000 range rose to 69600 in the afternoon yesterday, and then fell to around 68680 at 11 o'clock in the evening, and the pre-buried short orders won 900 points.

BTC 4 hours:

Despite the recent news of the approval of the Ethereum ETF, which is considered to be a positive for the cryptocurrency market, the market remained in a range of fluctuations during the weekend, and the price remained around 69000.

However, Master Chen expects that the effect of the Ethereum ETF will gradually emerge like Bitcoin. This approval means that the crypto asset has been legally recognized, so institutional demand is expected to increase, and the bullish view can still be maintained in the medium and long term.

The first resistance is 69120, and the second resistance is 69500. If the price breaks through the first resistance, the short-term bullish view will be strengthened, but if Bitcoin fails to break through the current high, it may adjust to the rising trend line in the above figure.

If the price is close to the first resistance, it can be preliminarily judged to stand firm at the 69000 mark, but it is also necessary to pay attention to whether the price can support 69100.

The first support is 68500, and the second support is 68120. If the price falls below the first support during the day, the low point may be lower, but there is still support from the rising trend line below.

So once the price falls below the first support, it is expected to form a long lower shadow, so we can regard the first support and the rising trend line as favorable entry positions for long positions.

Today's trading suggestion: Wait for the adjustment to the rising trend line, and trade short-term with a bullish view.

If the resistance near 69000 fails to break through, and the sell-off caused by bearish sentiment occurs. We can also regard it as an opportunity to enter the market for ultra-short-term short-term short-term, and 68000 can also be set as an important support line.

5.27 Master's short-term pre-buried order:

Long entry reference: 68100-68500 range, long in batches, defense 500 points, target 69200-69500

Short entry reference: 69100-69500 ​​range, short in batches, defense 500 points, target 68500-68100#现货以太坊ETF获美SEC批准 #美众议院通过FIT21法案 #BTC走势预测

Master Chen 5.26: Short-term pressure turns to support, enter the ultra-short term after sideways consolidation

Yesterday afternoon, Master Chen arranged short-term short orders in the range of 69600-70000 in the article. The market rose to around 69622 at around 19:00 in the evening, and fell to around 68800 before 12:00 in the morning. The short order won 800 points. For the afternoon article, the long order was buried because the market fluctuated in a small range, resulting in the failure of the long order to enter the market.

BTC 4 hours:

According to Master Chen's chart analysis yesterday, the price of Bitcoin is currently consolidating sideways after breaking through the convergence triangle.

Although the view of rising can be maintained in the short term, the probability of adjustment is usually relatively large when it is sideways, so it is a reasonable plan to enter a short-term long position in the callback range.

Today's Master Chen's analysis is not much different from the analysis released yesterday afternoon, so Master Chen can change the first resistance level given yesterday to the support level and then operate.

The first resistance level is 69500, and the second resistance level is 70000. If the price holds the psychological support of 69,000, I think there is a high probability that it will break through 69,500, so while maintaining a bullish view, we also need to pay attention to whether the price of Bitcoin will break through the upper resistance zone.

The first support is 69,100, and the second support is 68,300. At present, the price of the K-line has fallen below the first support, so we should pay attention to the possibility of reaching the second support at any time, and also pay attention to the trend of the 20-day moving average at the 4-hour level in the figure.

In addition, the volatility increases on Sunday nights from time to time, so we can operate after the volatility increases and reaches the short-term range.

Please refer to these suggestions when trading

5.26 Master's short-term pre-buried orders:

Long entry reference: 68000-68400 range, long in batches, defense 500 points, target 69000-69500

Short entry reference: 69600-70000 range, short in batches, defense 500 points, target 69000-68400

This article is exclusively planned and released by Master Chen (public account: Master Chen, the God of Coins). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Master Chen to learn and communicate. I hope it can help you find what you want in the currency circle. Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend;Daily updates of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot medium- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen. The other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please carefully distinguish the true from the false. Thank you for reading. $BTC $ETH #BTC走势分析
#比特币走势分析 #现货以太坊ETF获美SEC批准

Master Chen 5.25: Converging triangle chooses direction. Look for oscillating upward on Saturday #美众议院通过FIT21法案 #BTC走势分析 #比特币走势分析 $

BTC1 hour:

The price of Bitcoin has now returned to the upper part of the rising trend line marked by Master in the article yesterday, and continued to rebound slightly last night.

In addition, the U.S. House of Representatives passed the 21st Century Financial Innovation and Technology Act (FIT21), which transfers the supervision of virtual currencies from the Securities and Exchange Commission to the Commodity Futures Trading Commission.

This also means that virtual currencies will no longer be considered securities, thus getting rid of the strict supervision of the Securities and Exchange Commission. Master Chen believes that this is also one of the reasons for the slight rebound in prices.

For today's Saturday night market, Master Chen believes that it will be more inclined to an oscillating upward trend, and also pay attention to the K-line trend in the converging triangle.

The first resistance reference is 69150, and the second resistance is 70000. If the price breaks through the top of the converging triangle, it can be judged that the short-term trend is bullish.

When breaking through the top of the convergent triangle, if the price also breaks through the first resistance level, then the master believes that there will be a greater probability to retest the 70,000 mark.

The first support is 68,350, and the second support is 67,300. In the short term, if the price falls below the first support and goes sideways, the probability of a downward trend breakthrough will increase.

If the first support is effective and continues to not break, then we can expect a short-term rebound; but if it falls, it is considered as an opportunity for further adjustment and as an opportunity to buy at a low point.

In today's trading, we can pay attention to the price trend in the area formed by the convergent triangle, so as to flexibly conduct ultra-short-term trading.

Since the probability of sideways trading on weekend charts is higher, compared with frequent trading, the master recommends that it is better to conduct ultra-short-term trading in areas with lower risks and take profits in time.

Please refer to these suggestions when trading

5.25 Master's short-term pre-buried orders:

Long entry reference: 68000-68400 range, long in batches, defense 500 points, target 69000-69200

Short entry reference: 69600-70000 range, short in batches, defense 500 points, target 69000-68400

The content of this article is exclusively planned and released by Master Chen (public account: Master Chen, the God of Currency). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Master Chen to learn and communicate. I hope it can help you find what you want in the currency circle.Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily update of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen, and the other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please carefully distinguish the true from the false, thank you for reading. $BTC $ETH

Master 5.24: Expectations of interest rate cuts weakened. The first support of the descending trend line determines the direction of the bulls. #现货以太坊ETF获美SEC批准 #美众议院通过FIT21法案 #BTC走势分析 #比特币走势分析

BTC 4 hours:

Bitcoin fell further due to inflation concerns. Indicators released last night showed that the economy and labor market remained strong. This weakened expectations of interest rate cuts, leading to a short-term sharp drop in Bitcoin.

Although eight asset management companies have submitted approval documents for Ethereum ETFs, additional documents are required. This process is expected to take at least a few weeks, so the price reaction on Ethereum is still relatively limited.

Although Bitcoin fell sharply yesterday, the previous high of 67,300 still needs to be maintained. The first resistance at the 4-hour level is 68,130, and the second resistance is 68,640.

If the first resistance is broken during the day, it means that the price of Bitcoin has temporarily stabilized. Master believes that it is also possible to expect the price to retest 69,000.

However, at the current 4-hour level, we need to pay attention to the possibility of an upper shadow line on the K-line, and also pay attention to whether the price can stabilize the upward trend line.

The first support is 67300, and the second support is 66730. Today, Master will set the first support as an important support line. Therefore, the first support is an area that must be defended, and it is also a position where a rebound can be expected.

If the price falls below the first support, then a further downward channel will be opened. And there is a high probability that it will fall below the previous high point, so the bearish view will also increase.

In today's trading, due to a small rebound after yesterday's sharp drop, Master recommends ultra-short-term trading from a rebound perspective in the short term.

Please refer to these suggestions when trading

5.24 Shiye short-term pre-buried orders:

Long entry reference: 67300-67700 range long in batches, defense 500 points, target 68400-68600

Short entry reference: 68300-68700 range short in batches, defense 500 points, target 67500-67300 (light position)

The content of this article is exclusively planned and released by Shiye Chen (public account: Shiye Chen, the God of Coins). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Shiye Chen to learn and communicate. I hope it can help you find what you want in the currency circle.Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% following the trend; daily update of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen, and the other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please carefully distinguish the true from the false, thank you for reading. $BTC $ETH

 Perfect pre-buried short position at noon! Don’t be anxious to place an order, don’t be anxious to miss the opportunity, don’t make money on Xiaomi, and don’t lose money on rice! #以太坊ETF批准预期 #BTC走势分析 $BTC $ETH

Master Chen 5.23: Long and short positions were perfectly captured in the early morning. Support and resistance swaps are waiting for news.

BTC 1 hour:

Due to the upcoming review of the approval of the Ethereum ETF, the hawkish stance of the Federal Reserve, and the impact of the release of the FOMC meeting minutes, Bitcoin fell briefly.

However, due to the expectation of whether the Ethereum spot ETF will be approved, market sentiment remains high. Today, on the 23rd, the approval results of the Ethereum ETF will be announced soon, so please pay attention to the violent market fluctuations after the announcement.

The first short-term resistance level is $69,900, and the second resistance level is $70,250.

Before the price returns to the first resistance, Master Chen will maintain the view of a short-term decline. Since the previous support range has formed resistance in the supply zone, if the Ethereum ETF passes, it will be good news.

At the same time, there is a high probability of breaking through the upper pressure, but it is currently judged to be a very strong resistance zone.

The first support reference is $69,300, and the second support is $68,800.

Master Chen suggested that the first support can be set as a short-term support line. If the price falls below this support, then you can continue to maintain a bearish view.

In addition, we can also look forward to the opportunity of short-term rebound near the first support line, but considering the break below the supply zone and the upper resistance, it is necessary to pay attention to whether the price will gradually break through the resistance in the small-level trend.

Please refer to these suggestions when trading

5.23 Master's short-term pre-buried order:

Long entry reference: 68900-69300 range batch long, defense 500 points, target 69900-70200

Short entry reference: 69900-70300 range batch short, defense 500 points, target 69300-68800

The content of this article is exclusively planned and released by Master Chen (public account: Master Chen, the God of Coins). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operation skills and K-line knowledge, you can add Master Chen to learn and communicate. I hope it can help you find what you want in the currency circle. Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% following the trend; daily update of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen, and other articles at the end of the article and in the comment area are widely used.The reports have nothing to do with the author! ! Please carefully distinguish the true from the false. Thank you for reading. $BTC $ETH #BTC走势分析 #BTC #以太坊ETF批准预期

If you can't wait for the support and resistance levels, just do ultra-short-term trading. In addition, the opinions I expressed today were locked in a small black room and I can't see them anymore [sad face] #以太坊ETF批准预期 #比特币走势分析 #BTC走势分析 $BTC $ETH

Seeing the widespread misunderstanding that "approval" means the immediate launch of the Ethereum ETF, my personal opinion is: this is not the case. It takes at least a few days from approval to launch, and it may take weeks or even months.

The Ethereum ETF is not the final approval this time, but only a mid-way step. The whole network has serious misunderstandings about this. Once many people realize it, it is easy to fall back. #以太坊ETF批准预期 #BTC突破7万大关 $BTC $ETH

Master Chen 5.22: Analysis of key trends at the $70,000 mark Short-term support and resistance trading points $BTC $ETH #BTC突破7万大关 #以太坊ETF批准预期 #BTC #比特币走势分析

BTC1 hour:

Bitcoin is currently consolidating around $70,000 after a short-term rapid rise, and the recent rise is affected by factors such as the improvement of the macro environment, the inflow of funds from Bitcoin ETFs, and the optimism of Ethereum ETFs.

Although there has been a sharp rise due to the influence of Ethereum, the market has also increased the possibility of approval. However, there is no official official news yet, so it is expected that the market will remain on the sidelines before the 23rd.

Even in the case of consolidation, it is necessary to pay attention to whether Bitcoin will fall below the low point and conduct chart analysis accordingly.

The first resistance is at $70,250 and the second resistance is at $70,800. When the price breaks through the first resistance, Master will continue to maintain the view of rising and look forward to testing 71,000 again.

Because the current resistance is the previous low point of consolidation after the rise, there may also be adjustments near the second resistance level.

The first support level is $69,300, and the second support level is $68,700. If the price falls below the first support, the master believes that there is a possibility of further decline. Since there is no major negative news in the market, the sharp drop can be regarded as an opportunity to enter the market and do more.

In addition, the master suggests that short-term trading within the day can be managed according to the short-term rising trend line. In today's trading: The medium- and long-term view is still bullish, but due to the increase in the downward view in the short-term chart, short positions can be considered when there is no volume rebound.

At the current stage, the rising trend line in the figure can be used as a short-term reference. The master's view of a short-term correction before breaking through the first resistance level.

Please refer to these suggestions when trading

5.22 Master's short-term pre-buried orders:

Long entry reference: 68300-68700 range, long in batches, defense 500 points, target 69300-70000

Short entry reference: 70400-70800 range, short in batches, defense 500 points, target 69300-68700
The content of this article is exclusively planned and released by Master Chen (public account: Master Chen, the God of Currency). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Master Chen to learn and communicate. I hope it can help you find what you want in the currency circle.Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% following the trend; daily update of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen, and other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please carefully distinguish the true from the false, thank you for reading.

If you can't find a high position to do a kong, then do a kong in a small range, and take 800 yuan with a super short-term kong order! Pay attention to the short-term support of the 25EMA at the 1-hour level in the evening, and the price is around 70200. If the short-term support is effective, you can arrange a super short-term long order, with the target at 71000-71650! #以太坊ETF批准预期 #BTC突破7万大关 $BTC $ETH

Master Chen 5.21: ETF releases positive news in advance? Don't blindly chase more! $BTC $ETH #以太坊ETF批准预期 #BTC走势分析 #比特币走势分析

Yesterday, Master Chen's article in the 66100-66500 range pre-buried long order target 67200-67700 perfectly stopped profit and won 1500 points. In addition, after the long order target was reached, the market strongly broke through the upper pressure level given yesterday, resulting in regretful stop loss of short orders.

BTC 4 hours:

Due to the market news that Ethereum spot ETF may be approved, Bitcoin rose sharply. In addition, the SEC will announce its decision on the application for Ethereum spot ETF on May 23.

Although the approval probability of Ethereum spot ETF has increased from 25% to 75%, in the absence of a confirmed approval result, it is expected that Bitcoin will rise before the 23rd and then go sideways, and will fluctuate sharply after the results are announced.

For the short term, the master still maintains a bullish view, and pays attention to the formation of support levels after the rise to carry out position operations.

The first resistance of the day is $71,650, and the second resistance is $72,400. For today, we also need to pay attention to whether the daily closing of Bitcoin can stabilize at $71,000. If there is a sharp correction, the time to break through the high point will be delayed.

If the previous high point, that is, the first resistance level, is retested in the short term, then the bullish view can still be maintained in the future.

The first support reference is $70,860, and the second support is $70,000. If the price pulls back to the first support, the master thinks this is a more reasonable pullback, and the maximum pullback is expected to be $70,000.

Therefore, we can regard it as a short-term buying opportunity near the second support, and everyone can also pay attention to the trend of the 4-hour level rising trend line.
Today's trading ideas: It is recommended to take the view of sideways consolidation after the rise, find the low point of the sideways range and rebound to do more. When trading in the short term, you can pay attention to the low point of the small-level cycle, and the band trading is operated near the 4-hour level rising trend line.

Please refer to these suggestions when trading

5.21 Master's short-term pre-buried orders:

Long entry reference: 70100-70500 range, long in batches, defense 500 points, target 71500-72200

Short entry reference: 72300-72700 range, short in batches, defense 500 points, target 71650-71000
The content of this article is exclusively planned and released by Master Chen (public account: Master Chen, the God of Currency). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Master Chen to learn and communicate. I hope it can help you find what you want in the currency circle.Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% following the trend; daily update of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen, and other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please carefully distinguish the true from the false, thank you for reading.