The view remains unchanged, Bitcoin should be treated as high and low.

币圈-舅爷 · 2023-05-24T13:51:00.000Z

Good evening everyone, I am uncle. Today is May 24, 2023. Time flies, and it’s the end of the month in a blink of an eye. To be honest, the market this month is not satisfactory. The overall situation is in a narrow range of oscillation, and the operable space is not very large. But if we operate back and forth, we still can A lot of profit. Looking back at last week's market conditions, I can describe it in four words - no disturbances. Until today, there was only a little bit of interest in the market. Bitcoin hit the 30,000 mark twice this month to no avail, and then went lower. With the stimulation of the news, one stock fell below 26,500, and there was no major pullback after that. It has been fluctuating in the range of 26500-27500 for a long time, bringing market sentiment into a downturn. Ether is not much better. It just broke through the 2000 suppression level at the beginning of the month and immediately retreated. It followed the market and went lower. It fell below 1750 and then stopped falling. It has remained oscillating in the 1780-1840 range for a long time.

Good evening everyone, I am your uncle.
Today is May 24, 2023. Time flies. It is almost the end of the month. To be honest, the market this month is not satisfactory. It is in a narrow range of fluctuations as a whole. The operating space is not very large, but we still make a lot of profits by operating back and forth. Looking back at last week's market, four words can be used to describe it-no waves. It was not until today that the market was slightly interesting. Bitcoin hit the 30,000 mark twice this month without success, and then fell. With the stimulation of the news, it fell below 26,500. After that, there was no significant pull-up action. It remained in the range of 26,500-27,500 for a long time, bringing market sentiment into a downturn. Ether is not much better. It broke through the 2,000 suppression level at the beginning of the month and immediately retreated, following the big cake to fall, and stopped falling after falling below 1,750, and remained in the range of 1,780-1,840 for a long time.
The market launched an upward counterattack yesterday. The bitcoin price hit a high of 27491 and then fell back. Subsequently, the market fluctuated downward. The bears accelerated the decline to the support of 26681 and rebounded. The current price of the currency is running around 26780. The four-hour level market fell again but it is still fluctuating within the range as a whole. Pay attention to the support of 26600 below. From the current trend, the macd long-to-short double-line adhesion shows signs of a dead cross, ma7 turned downward, and the k-line closed with a large negative close to the 26600 support. If it does not break, there will be a rebound, but the overall weak market is expected to have a breakout demand, and it will still be volatile in the short term.
The idea and suggestion remain unchanged. Before breaking the range, treat it as high-altitude and low-multiple. The upper pressure is 27000-27300, and the lower support is 26500-26300.
Operation suggestion: Buy near 26300, stop loss 26000, target 27000-27300