At present, Bitcoin has rebounded and is blocked at 28800. Then 28800 currently forms a support and pressure swap level. It has been rejected in 2 hours. It will subsequently call back to around 28000 to see whether support will be formed. After forming support, it will test 28800 upward again. At present, the short-term stop of decline will enter the oscillation between 27600-28800. If a bottom structure is formed, it is expected to break through 28800. However, if a double bottom is formed and cannot be broken through, it will weaken, and a convergence shock will probably form in the future. Once a convergence shock is formed, the price will fall. The probability of breaking is relatively high, because it is a downward relay, so simply observe the correction to 28,000 during the day.
Resistance level【28800, 30000, 30460】
Support level [27600, 26600, 25200]
Ethereum also rebounded in conjunction. It was mentioned before that 1860-1880 is the support that has been broken down and formed pressure. It has been blocked and rejected for 2 hours. Then we will observe whether the callback to around 1830 can form a support rebound. It is currently in a downward trend. For The fall is stopped below the 2-hour level. If there is no short-term shock and convergence, it will not break below 1808. The shock range is 1808-1880. You can sell high and buy low.
Resistance level【1880, 1900, 1940】
Support level [1833, 1808, 1765]
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 3, 2023
The above analysis is for reference only and does not constitute investment advice.
