🚨Will the Rebound continue or has the pump ended? The direction of the upcoming trend and trading strategy.


The liquidity in the market is relatively poor during the weekend, and the market is mainly in a range-bound fluctuation. The large Bitcoin level at 100,000 has not broken, and the five-wave rise has not yet ended. Currently, we are still looking at the 5-4 small wave consolidation in a smaller time frame, with the upper resistance at 105,000 and the lower support at 100,000 in a box structure. After completing the 5-4 consolidation, there will be a final 5-5 small wave rebound, at which point we will pay attention to the 105,000 resistance. If it breaks through, we will look at the historical high of 109,000.
The large-level Ethereum has not yet shown a signal to turn bearish. In the short term, the small level has encountered resistance at 2500, indicating a need for consolidation. The range of consolidation has an upper resistance at 2500-2540 and a lower support at 2200-2150. After short-term consolidation, it will continue to test the high point resistance. Once the consolidation is completed and it breaks through and holds above the resistance level, the next target will be 2700-2800.
trading strategy
The long-term trend of the upward structure has been established. The short-term altcoins are just a supplementary appetizer for the rise, and we have not yet reached the real explosion time. When the market value of Bitcoin reaches 70% or hits a new high, there will be high-level consolidation, and the funds in the market will completely change hands, leading to a greater increase in altcoins. Currently, my position remains at 70% long-term bottom positions (mainstream coins such as ETH, ADA, DOT, EOS, etc. from the original layout) unchanged, and I have reduced 30% of my short-term positions and exited. I advise everyone to hold onto their long-term bottom positions, and for short-term positions, you can take profits and reduce your holdings when the price is high. Wait for this wave of 5-4 consolidation structure to test support before re-entering on the left side or waiting to break through 105000 to enter on the right side. I will update a batch of spot prices for new students when the market opens next week.
BTC2.71%
ETH10.85%
ADA7.77%
DOT8.9%
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Sheep,...vip
· 05-23 05:27
Although I seem experienced, I am still a newbie .
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