Trader Chen Shu: Bitcoin BTC market strategy for the evening of May 31 *1, the price is suppressed by 68500 and rebounded to short, long orders are cautious
From the trend of Bitcoin, the current daily level high is constantly declining, and the support level below is at the MA30 and 60-day moving average (65500). At present, the volume is shrinking and consolidating before the daily line stands above the 5-day and 10-day moving averages (68500). Just look at the callback.
In the short term, yesterday gave a short at 68700, but it rose to above 69500 and suffered losses, but intraday operations should still be mainly short. The current upper pressure is at 68500. If this line is touched, continue to short and bearish.
Evening operation suggestions:
1* Go short directly when it rebounds to 68400, increase short position when it rebounds to 68800, stop loss at 69500, target at 67500, reduce position when it breaks and hold to look down to 65500
2* If it touches 66800 and 65500, you can try to go long once with a light position
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