Bai Qi & Guan Yu: 6. Bitcoin, Ether, Sol, Ordi's latest trend forecast analysis and operation strategy in the early morning of the 6th day.


This article is exclusively analyzed by Bai Qi & Guan Yu Yu, representing the exclusive views of Bai Qi & Guan Yu Yu. We have in-depth research and practical experience in BTC, ETH, and various altcoins. Due to the timing of the article, the following opinions and suggestions are not timely and are for reference only. Please bear the risk and indicate the source when reposting. Please control your position reasonably and avoid heavy or full position operations.
BTC
Recent attention: 69000-69600-70700 above, 67000-66600 below. The middle needs to pay attention to the previous high point 70750 (currently seen as a tested and effective high point).
Structure form: It can be seen from the graph that after the red price channel line is broken, it is quickly smashed back and returns to the downward red slope line. The white price line (69000) is an important resistance and support range.
Trading Strategy:
long order: If the 67000-66600 range is retraced and the real body does not fall below, go long when a bottom pattern signal is given on the 5-minute or 30-minute chart.
Short: If there is no breakthrough rebound near the 70000 level, short when a top pattern signal appears on the 5-minute or 30-minute chart.
Short order: If the rebound in the range of 70850-70450 fails to break through, short. Short if a top formation signal appears on the 5-minute or 30-minute chart.
ETH
Recent attention: Range between 3820-3860 on the upside, range between 3720-3700 on the downside.
【Structure Form】: The yellow slope line 1 in the chart has been tested multiple times, but has not broken through yet, and it has also retraced the red downward slope line 3.
Currently, there have been two retracements, and a double bottom has been formed to observe whether a successful bottom pattern can be formed.
If it continues to fall, pay attention to whether the 3720 area below can provide support.
【Trading Strategy】:
Long order: If the 3720-3700 range is retested without falling below, go long when a bottoming pattern signal is given on the 5-minute or 30-minute chart.
Short order: Short if the rebound in the range of 3820-3860 fails to break through, and short if a top formation signal appears on the 5-minute or 30-minute chart.
SOL
At the critical moment of entering the final decision-making moment of the important convergence triangle area, control everyone's small hands that make money and avoid injury.
Please pay attention to the breakthrough of the trend line, and then take action after choosing the direction. If you have holdings, be sure to follow the acceleration after the breakthrough direction.
Currently
Upper resistance range: 171.5-174 (red zone)
Support range: 162-158 (green area)
ORDI 30-minute level
Due to recent positive news driving the pump, the bulls encountered selling pressure from the overhead trend line and the loss-making positions around 52 on the left, ushering in a pullback phase.
Now entering a converging triangle range. From the candlestick structure, it is entering a moment of downward pullback, with multiple attempts to test the upper yellow slope line, but without success yet.
For those who want to try short orders, you can choose the entry point and the point for margin replenishment at the yellow and yellow sloping lines above, and confirm the successful breakthrough of the red sloping line (30-minute timeframe, closing above the bullish line, without breaking through on the pullback) before choosing stop loss.
Want to enter the bullish market and pay attention to the support level of the yellow line below, enter the market in batches, or explore with small positions.
Currently
Upper resistance range: 52-57 (red zone)
Support from Traditional Chinese Medicine below: 36-31 (green area)
The analysis strategy is time-sensitive, and real-time guidance should be followed for specifics!
【Warm Reminder】: The above content is original from Baiqi & Guanyuyu. The advertisements at the end of the article and in the comment section have nothing to do with Baiqi & Guanyuyu. Please discern carefully and thank you for your appreciation. Investors are welcome to follow Baiqi & Guanyuyu and learn more about real-time market analysis. #BTC☀ # ETH🔥🔥🔥🔥 $ETH $BTC
ORDI3.42%
SOL-0.83%
ETH1.63%
BTC0.09%
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Aliangvip
· 2024-06-03 18:09
Bull returns quickly 🐂
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