Master Chen 5.18: Rebound stabilizes, lows increase BTC consolidation range strategy analysis #BTC走势分析 #BTC走势分析 #合约挑战 $ETH $BTC

BTC 1 hour:

Because last week's CPI was in line with expectations and the expectation of a US interest rate cut, Bitcoin entered a consolidation phase after rising. If the lows can be held and consolidated after a large-scale rebound, then Master Chen believes that we can expect a step-by-step rise and continue to maintain a bullish view.

As for today, Saturday, Master Chen still maintains a bullish view. For intraday trading, ultra-short-term long and short operations can also be carried out within the adjustment range, and this can be used as an entry point for trading.

The first resistance during the day is 67170, and the second resistance is 67500. When the price of Bitcoin breaks through the first resistance, the high point will continue to rise, and the probability of testing 68000 again will also increase greatly.

If the price stabilizes at the 20-day moving average at the 1-hour level in the short term, then the master will pay attention to the breakthrough of the resistance to decide whether the trading plan needs to be adjusted.

The first support is 66470, and the second support is 65750. If the price of Bitcoin can stabilize at the first support, then the master will still maintain a bullish view. So today's focus is on the support strength of the rising trend line and the 20-day moving average, and then pay attention to the rebound.

The range between the rising trend line and the 20-day moving average is an area with a relatively suitable risk-return ratio, so the main idea today is to try to find rebound opportunities in the callback.

Please refer to these suggestions when trading

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

Long entry reference: 66100-66500 range, long in batches, defense 500 points, target 67200-67500

Short entry reference: 67100-67500 range, short in batches, defense 500 points, target 66500-66100

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