Yesterday, Master's article arranged short orders near 67100-67500. The market rose to a high of $67345 at 7 o'clock last night and then fell to a low of $66511. The first target of the short order was perfectly achieved and won 800 points.
The long orders in the 66100-66500 range arranged in the article, the price rebounded to the current high of 67169 after the correction near 66511, and the short-term long orders were also close to the first target.
BTC1 hour:
Bitcoin's current net inflow continues, so Master still maintains a bullish view within the day. Although there is no big fluctuation, the price gradually rises slowly when it holds and stabilizes at the low point, so the bullish view can be maintained at present.
In the case of continuous failure to break through the support and resistance in the previous day's chart, Master temporarily judges that there is a high probability of rising after sideways consolidation.
The first resistance is still at 67170, and the second resistance is 67500. The sideways consolidation and convergent triangle pattern over the weekend have been confirmed. If the price breaks through the first resistance, we can expect further gains and observe the support of 67,000.
The first support line is still at 66,470, and the second support is 65,750. The rising trend line marked by the master on the chart is still valid, so I will continue to maintain a bullish view. If the price falls below the rising trend line, then we can consider looking for opportunities to rebound and go long near the first support below.
In general, for today's trading plan, the master recommends that the idea of rebounding and going long is the main idea. In the short term, the rising trend line marked by the master is used as the benchmark, and the support is set in combination with the 20-day moving average.
Please refer to these suggestions when trading
5.19 Master's short-term pre-buried orders:
Reference for long entry: 66400-66800 range, long in batches, defend 500 points, target 67500-68000
No short selling today
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