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Master Chen 5.20: Important support focuses on 120MA, mainly low and long in the box range BTC 1 hour: Due to the increased possibility of interest rate cuts in the United States, Bitcoin has risen by about 8% and is continuing to consolidate. Institutional investors are also increasing their interest and capital inflow in Bitcoin and ETFs due to the increased possibility of interest rate cuts in the United States. In the medium and long term, Master Chen believes that the bullish view can still be maintained, but the probability of adjustment and box shock in the short term is high, so it is recommended to focus on box trading. The first resistance reference is 67150, and the second resistance reference is 67730. First of all, the first resistance is also the previous high point of 67150, so it is necessary to observe the stabilization of the support below and pay attention to the retracement after breaking through the resistance. If Bitcoin breaks through the resistance, then we need to pay attention to whether there is a move to raise the low point! The first support of the day is 66480, and the second support is 65900. If the price can hold the first support in the short term, the probability of a rebound will increase greatly, but since the first support is a short-term support, Master Chen currently judges that the price may fall below the first support. If the price falls below the first support, then we need to pay attention to the trend of the 120-day moving average and the rising channel as the support area of ​​the lower edge. I personally think that the probability of rebounding in this range will also be relatively high. For today's trading, you can give priority to maintaining a bullish view. You can wait patiently for the entry position in the consolidation range before operating. I suggest that 66500 or so be an important short-term support, and mainly carry out low-long operations based on the trend of the 120-day moving average. Since the high point is lowering, pay attention to the appropriate stop-profit of short-term profits when the market rebounds. Please refer to these suggestions when trading 5.20 Shiye short-term pre-buried orders: Long entry reference: 66100-66500 range, long in batches, defense 500 points, target 67200-67700 Short entry reference: 67300-67700 range, short in batches, defense 500 points, target 66500-66100 The content of this article is exclusively planned and released by Shiye Chen (public account: Shiye Chen, the God of Currency). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Shiye Chen to learn and communicate. I hope it can help you find what you want in the currency circle.Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily update of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos. Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen, and the other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please carefully distinguish the true from the false, thank you for reading. $ETH $ETH #BTC走势分析 #BTC走势分析

Master Chen 5.20: Important support focuses on 120MA, mainly low and long in the box range

BTC 1 hour:

Due to the increased possibility of interest rate cuts in the United States, Bitcoin has risen by about 8% and is continuing to consolidate. Institutional investors are also increasing their interest and capital inflow in Bitcoin and ETFs due to the increased possibility of interest rate cuts in the United States.

In the medium and long term, Master Chen believes that the bullish view can still be maintained, but the probability of adjustment and box shock in the short term is high, so it is recommended to focus on box trading.

The first resistance reference is 67150, and the second resistance reference is 67730. First of all, the first resistance is also the previous high point of 67150, so it is necessary to observe the stabilization of the support below and pay attention to the retracement after breaking through the resistance.

If Bitcoin breaks through the resistance, then we need to pay attention to whether there is a move to raise the low point!

The first support of the day is 66480, and the second support is 65900. If the price can hold the first support in the short term, the probability of a rebound will increase greatly, but since the first support is a short-term support, Master Chen currently judges that the price may fall below the first support.

If the price falls below the first support, then we need to pay attention to the trend of the 120-day moving average and the rising channel as the support area of ​​the lower edge. I personally think that the probability of rebounding in this range will also be relatively high.

For today's trading, you can give priority to maintaining a bullish view. You can wait patiently for the entry position in the consolidation range before operating.

I suggest that 66500 or so be an important short-term support, and mainly carry out low-long operations based on the trend of the 120-day moving average. Since the high point is lowering, pay attention to the appropriate stop-profit of short-term profits when the market rebounds.

Please refer to these suggestions when trading

5.20 Shiye short-term pre-buried orders:

Long entry reference: 66100-66500 range, long in batches, defense 500 points, target 67200-67700

Short entry reference: 67300-67700 range, short in batches, defense 500 points, target 66500-66100

The content of this article is exclusively planned and released by Shiye Chen (public account: Shiye Chen, the God of Currency). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Shiye Chen to learn and communicate. I hope it can help you find what you want in the currency circle.Focusing on BTC, ETH and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily update of macro analysis articles, technical indicator analysis of mainstream coins and altcoins, and spot mid- and long-term review price forecast videos.

Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen, and the other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please carefully distinguish the true from the false, thank you for reading. $ETH $ETH #BTC走势分析 #BTC走势分析

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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