5.31$ETH $BTC Afternoon Outlook
The way Bitcoin's moving looks a bit awkward, but don’t hate—it's taking three steps forward and two steps back, slowly grinding up, that's what we call a 'stealth pump'. As long as it’s going up, who cares about the style?
Right now, the market actually has some action. The 73917 level has been breached, and it’s tested the bottom a few times; logically, it should bounce a bit—otherwise, all that structure is for nothing.
But there’s a small issue—up around 74309, it seems like it’s setting up for a double top, with two little peaks hanging out there. If it breaks through, the double top will be invalidated, and we could also grab 74555, with the aim to hit the range of 75399 to 76101 above.
If it can't break through? Then it's gotta come down and shake things up a bit.
But don’t panic too much. As long as we hold above 73346, a pullback is just a pullback, it won’t go too deep. If we break that level, then it’s time to get serious; the previous low will likely need to be tested again.
· Break 74124 with volume, long on the right side, keep your stop loss tight
· If it drops to 73350 with volume, short on the retrace, don’t hesitate
· If the hourly closes above 74124, look for 75399-76100 above
· If the 4-hour breaks below 73578, look for 72708-71424 below
Resistance: 74124 / 75399 / 76100
Support: 73369 / 72684 / 71589
Ethereum is climbing back up, but the previous high at 2046 is still weighing down. If it doesn’t break, it doesn’t break; don’t rush to call a bull.
If it holds above 2030, it can look up towards 2054-2080, but 2046 has to be cleared first; otherwise, it’s just choppy. If it retraces to 2025 and holds, it shouldn’t be a big issue, but if it can’t hold, we’ll be back at the previous low.
· Break 2030 with volume, long on the breakout, keep your stop loss tight
· If it drops to 2007 with volume, short, make sure to manage your stop loss
If it retraces to 1975 and holds, you can pick up some longs; if it breaks below 1936, just exit, don’t hold.
On the left side, you can set a limit buy at 1907, if it breaks 1873, set your stop loss—don’t be too attached.
Around 2096, you can try to short a hand, but if it breaks 2126, just get out.
· If the 4-hour breaks below 2003, target 1965-1936 below
Resistance: 2030 / 2054 / 2080
Support: 2007 / 1965 / 1936
- Bitcoin is looking to see if it can break 74309, and Ethereum is looking to see if it can break 2046. If it breaks, it's a whole new ball game; if it doesn’t, we’ll keep grinding. I’m waiting for signals myself, not guessing the direction; we’ll see what happens.
Don't forget to set your stop losses; staying alive is the most important thing. #加密业政治捐款破3.2亿美元
The way Bitcoin's moving looks a bit awkward, but don’t hate—it's taking three steps forward and two steps back, slowly grinding up, that's what we call a 'stealth pump'. As long as it’s going up, who cares about the style?
Right now, the market actually has some action. The 73917 level has been breached, and it’s tested the bottom a few times; logically, it should bounce a bit—otherwise, all that structure is for nothing.
But there’s a small issue—up around 74309, it seems like it’s setting up for a double top, with two little peaks hanging out there. If it breaks through, the double top will be invalidated, and we could also grab 74555, with the aim to hit the range of 75399 to 76101 above.
If it can't break through? Then it's gotta come down and shake things up a bit.
But don’t panic too much. As long as we hold above 73346, a pullback is just a pullback, it won’t go too deep. If we break that level, then it’s time to get serious; the previous low will likely need to be tested again.
· Break 74124 with volume, long on the right side, keep your stop loss tight
· If it drops to 73350 with volume, short on the retrace, don’t hesitate
· If the hourly closes above 74124, look for 75399-76100 above
· If the 4-hour breaks below 73578, look for 72708-71424 below
Resistance: 74124 / 75399 / 76100
Support: 73369 / 72684 / 71589
Ethereum is climbing back up, but the previous high at 2046 is still weighing down. If it doesn’t break, it doesn’t break; don’t rush to call a bull.
If it holds above 2030, it can look up towards 2054-2080, but 2046 has to be cleared first; otherwise, it’s just choppy. If it retraces to 2025 and holds, it shouldn’t be a big issue, but if it can’t hold, we’ll be back at the previous low.
· Break 2030 with volume, long on the breakout, keep your stop loss tight
· If it drops to 2007 with volume, short, make sure to manage your stop loss
If it retraces to 1975 and holds, you can pick up some longs; if it breaks below 1936, just exit, don’t hold.
On the left side, you can set a limit buy at 1907, if it breaks 1873, set your stop loss—don’t be too attached.
Around 2096, you can try to short a hand, but if it breaks 2126, just get out.
· If the 4-hour breaks below 2003, target 1965-1936 below
Resistance: 2030 / 2054 / 2080
Support: 2007 / 1965 / 1936
- Bitcoin is looking to see if it can break 74309, and Ethereum is looking to see if it can break 2046. If it breaks, it's a whole new ball game; if it doesn’t, we’ll keep grinding. I’m waiting for signals myself, not guessing the direction; we’ll see what happens.
Don't forget to set your stop losses; staying alive is the most important thing. #加密业政治捐款破3.2亿美元