Today is May 6th, Tuesday. Let's take a look at today's market for any opportunities. For the past few days, it has been hovering and fluctuating here.
Overall, there are currently no opportunities. We need to prepare for the future market. The first support level to pay attention to below is 92,800. If it dips again here, it is easy to break and reverse. The first wave of rebound at 92,800 should look towards the position of 94,800-95,000 for the first wave of bullish movement. If it rebounds here and then drops again to 91,700, we will continue to buy. Then we will aim for the positions of 93,400 and 93,600. Currently, the entire structure is moving like this. If it drops again and we make a second flat, we will aim upwards to 97,400. This is the structure for Bitcoin.
At the current position, if it drops again, we will go for low buys, and when it surges, we will go for high shorts. The overall thinking is to adapt to the rhythm and respond to emergencies.
The market for Ethereum is even more tricky. Currently, it is fluctuating in a narrow range between 1,830 and 1,780.
Yesterday, we made two short trades at 1,830. The first time we shorted at 1,830 and took profit at 1,800; the second time we shorted again at 1,830 and took profit at 1,800. So these two shorts were quite comfortable.
Overall, it is currently fluctuating in this small range, and we can only trade within this limited range. If you are not confident in your own positions, you can follow our public account.
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