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New Analysis: Bitcoin Market Forecast After May 13

CN
交易员江生
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7 days ago
AI summarizes in 5 seconds.

Good afternoon everyone, I am Xin Ya. The update on Monday morning allowed you all to short, you should be full by now! Regarding the market outlook, let's go long first!

Hello everyone, I am Xin Ya. First, let me mention the most important thing. During Trump's two-day visit to China, please be cautious and take care of yourselves. There are too many chips below Ethereum, too dense and too hard, especially around 2250. The liquidity above and below is severely imbalanced, and the shape has a diamond bottom. Close the short positions first, and go long. I am concerned that Trump's visit will create hype in the financial markets, affecting the cryptocurrency space and causing a round of short squeezes. In the past month, Ethereum has been consolidating in the 2280-2380 range, with the first round of resistance hitting above 2380 in the old box. Bitcoin is simultaneously in a resistance range of 82500-82800. Before that, do not consider going short.

The liquidation chart is as follows: The liquidation intensity below Ethereum is very close and large, potentially leading to strong support.

First, go long, set the replenishing range for Bitcoin and Ethereum to 80000 and 2300 whole numbers, and set an acceptable stop loss based on your position, keep it light; otherwise, the profit and loss ratio will be poor. You can also wait until you reach the resistance range of 82500 and 2380 to take a light loss short. Bitcoin is backed by the 120 and 144 EMA on the one-hour chart; if the previous level doesn’t become resistance, it easily becomes potential support. On the four-hour chart, the 120 and 144 EMA are above 78500. We consider 81200 as a divergence, with a reverse expectation of equality, taking 82500 and 84000 as two levels of pressure. The resistance for Ethereum is referred to as 2380 and 2480. For Bitcoin, closely monitor below the above-mentioned positions, especially 80600 and 79500. For Ethereum, closely monitor the dense area of 2388 and 2350 below.

So, based on several divergence points and market trends, there are a few possible structures for the later market; however, the most reasonable seesaw will likely go up, then down, then up again. This is because during the rise, the stance of profit-taking positions and the rescue of trapped positions can easily form a combined force that will lead to a retracement and a second drop. But once this step happens, the third step will be an increase. This is my inclination that most aligns with the market's last three moves.

Of course, the order may also be a drop first, with short-squeezed positions retreating, and bulls entering the market, as both forces combine to bring another round of increase. The densely packed area of trapped shorts is too close, which is why I suggest you go long and replenish at whole numbers. The market changes rapidly, and the most stable operating range and direction are the overlapping areas of the divergence sequences and consensus. The positions referenced for the seesaw's divergence are given. Right now, it’s best to go long first.

Things have been handled well in the past few days, synchronizing operations; public account: Xin Ya talks about Chan.

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