[Director] Analysis of the market on May 3, be vigilant day and night, as if facing a dangerous situation, dare not slack off. The structure of the big cake 1H is running the second rebound. The end of the rebound trend depends on the strength of the third decline.

导演 · 2023-05-03T00:28:20.000Z

The director’s 1065th original piece Daily market analysis 2023.5.3 1. Market sentiment: 2. Chart structure: 1.#BTC Structure of BTC 1H: At present, we can see that the pie is running the second 1H rebound trend. The trend is basically the same as what I expected yesterday. If the second rebound here ends, it will run the third 1H decline, so the entire structure is not The decline ended.

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Director’s 1065th original daily market analysis 2023.5.3
1. Market sentiment:
 
 
2. Chart structure:
1、#BTC 
The structure of BTC 1H:
Currently we can see that Bitcoin is running the second 1H rebound trend, and the trend is basically the same as what I expected yesterday. If the second rebound here ends, it will run the third 1H decline, so the whole structure will not end the decline.
As I said before, the loss of time is not conducive to bulls. The bulls have been running for 5 months from December last year to April this year. The rebound of the whole transaction is almost the same, so the risk is gradually increasing.
 
The structure of BTC 15F:
For Bitcoin in the short term, there is still one more 15F move to go up. After the third move, it is estimated to be around 29,000, and then the 1H rebound will end.
After this rebound, there will be a third decline of a high level. Just wait patiently for the market to run and understand it.
 
 
 
2、#ETH  ：
The structure of ETH 1H:
The trend structure of Auntie is the same as that of Cake. Currently, it is also rebounding from the second 1H upward. After this transaction is completed, it will have to run the third 1H decline.
For the third transaction, it depends on the strength of the decline. If the decline is small, it will easily form a bottom divergence. If it does not break the new low, it will be more likely to form a rebound trend. However, the rebound trend is estimated to be a 1H central structure.
 
Trading straregy:
 
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