Market share on May 22:
Yesterday's review:
The market continues to fluctuate, and the short position has successfully reached the target profit-taking point again, and the support below is given to take long positions, and it is still profitable.
Today's market thinking:
The early trading line is still in a state of no volume, with an up and down fluctuation range of 10-15 points. It has been in a continuous decline since yesterday morning. After touching the bottom support, it rebounded again. It is still maintaining a first-line range shock, and there is no intention to break. The support below the weekly K line is open upward again. If it still cannot effectively break this week, it is likely to start stabilizing and bottoming out. Therefore, the general direction should give priority to the support position below. The long-term sideways market is to consume everyone's patience. Don't be impatient to seek profits and miss opportunities. Patience is always an indispensable step in the trading system. Never do useless work. The more knowledge you have, the more reactionary you are. If the direction is wrong, the harder you work, the farther you will go.
Operation suggestions:
If you continue to hold too many orders, you can reduce your positions at 1820 and continue to look at the final target, and the stop loss remains unchanged. The average price of Bitcoin after covering the position is 26650. Continue to look at the first target of 27000. After reducing the position, you can look at the final target again.
(A volatile market is a time to make money, buy low and sell high for short-term trading, and wait patiently for the trend to emerge)
