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Master Chen 5.21: ETF releases positive news in advance? Don't blindly chase more! $BTC $ETH #以太坊ETF批准预期 #BTC走势分析 #比特币走势分析 Yesterday, Master Chen's article in the 66100-66500 range pre-buried long order target 67200-67700 perfectly stopped profit and won 1500 points. In addition, after the long order target was reached, the market strongly broke through the upper pressure level given yesterday, resulting in regretful stop loss of short orders. BTC 4 hours: Due to the market news that Ethereum spot ETF may be approved, Bitcoin rose sharply. In addition, the SEC will announce its decision on the application for Ethereum spot ETF on May 23. Although the approval probability of Ethereum spot ETF has increased from 25% to 75%, in the absence of a confirmed approval result, it is expected that Bitcoin will rise before the 23rd and then go sideways, and will fluctuate sharply after the results are announced. For the short term, the master still maintains a bullish view, and pays attention to the formation of support levels after the rise to carry out position operations. The first resistance of the day is $71,650, and the second resistance is $72,400. For today, we also need to pay attention to whether the daily closing of Bitcoin can stabilize at $71,000. If there is a sharp correction, the time to break through the high point will be delayed. If the previous high point, that is, the first resistance level, is retested in the short term, then the bullish view can still be maintained in the future. The first support reference is $70,860, and the second support is $70,000. If the price pulls back to the first support, the master thinks this is a more reasonable pullback, and the maximum pullback is expected to be $70,000. Therefore, we can regard it as a short-term buying opportunity near the second support, and everyone can also pay attention to the trend of the 4-hour level rising trend line. Today's trading ideas: It is recommended to take the view of sideways consolidation after the rise, find the low point of the sideways range and rebound to do more. When trading in the short term, you can pay attention to the low point of the small-level cycle, and the band trading is operated near the 4-hour level rising trend line. Please refer to these suggestions when trading 5.21 Master's short-term pre-buried orders: Long entry reference: 70100-70500 range, long in batches, defense 500 points, target 71500-72200 Short entry reference: 72300-72700 range, short in batches, defense 500 points, target 71650-71000 The content of this article is exclusively planned and released by Master Chen (public account: Master 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 Master 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% following 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 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.

Master Chen 5.21: ETF releases positive news in advance? Don't blindly chase more! $BTC $ETH #以太坊ETF批准预期 #BTC走势分析 #比特币走势分析

Yesterday, Master Chen's article in the 66100-66500 range pre-buried long order target 67200-67700 perfectly stopped profit and won 1500 points. In addition, after the long order target was reached, the market strongly broke through the upper pressure level given yesterday, resulting in regretful stop loss of short orders.

BTC 4 hours:

Due to the market news that Ethereum spot ETF may be approved, Bitcoin rose sharply. In addition, the SEC will announce its decision on the application for Ethereum spot ETF on May 23.

Although the approval probability of Ethereum spot ETF has increased from 25% to 75%, in the absence of a confirmed approval result, it is expected that Bitcoin will rise before the 23rd and then go sideways, and will fluctuate sharply after the results are announced.

For the short term, the master still maintains a bullish view, and pays attention to the formation of support levels after the rise to carry out position operations.

The first resistance of the day is $71,650, and the second resistance is $72,400. For today, we also need to pay attention to whether the daily closing of Bitcoin can stabilize at $71,000. If there is a sharp correction, the time to break through the high point will be delayed.

If the previous high point, that is, the first resistance level, is retested in the short term, then the bullish view can still be maintained in the future.

The first support reference is $70,860, and the second support is $70,000. If the price pulls back to the first support, the master thinks this is a more reasonable pullback, and the maximum pullback is expected to be $70,000.

Therefore, we can regard it as a short-term buying opportunity near the second support, and everyone can also pay attention to the trend of the 4-hour level rising trend line.

Today's trading ideas: It is recommended to take the view of sideways consolidation after the rise, find the low point of the sideways range and rebound to do more. When trading in the short term, you can pay attention to the low point of the small-level cycle, and the band trading is operated near the 4-hour level rising trend line.

Please refer to these suggestions when trading

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

Long entry reference: 70100-70500 range, long in batches, defense 500 points, target 71500-72200

Short entry reference: 72300-72700 range, short in batches, defense 500 points, target 71650-71000

The content of this article is exclusively planned and released by Master Chen (public account: Master 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 Master 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% following 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 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.

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