Original

Analysis of Bitcoin and Ethereum market on May 8: What to watch for BTC and ETH today

This article is machine translated
Show original

Join the community and add WeChat: mcty9325

There is no threshold to join the community, no fees, no exchange recommendation, daily sharing of potential currencies within the group, and market analysis!

BTC: The bullish situation mentioned yesterday is not optimistic. In the short term, we should focus on 62,000 points. The lowest point this morning was 62,111 points. The daily line has risen and fallen for two consecutive days, leaving a long upper shadow line and closing with a negative line, indicating that the locked-in position at the 64,500 line has deepened again! The air force won again this time. In the short term, the BTC continues to focus on 60,000 points and 58,000 points below, and the pressure of 64,000 points above. The operation is mainly short at high levels. Focus on 63,200 and 63,650 above during the day.

ETH: Yesterday we talked about the overall trend of shorts, with 3117 on the upside. Yesterday it reached 3129, and fell below 3000 this morning. Technically, from the daily chart, the overall bearish trend is clear. In the short term, 3150 is on the upside, 2900 is on the downside, and 3050 and 3080 are on the upside. The main operation is to short at high levels.

Shanzhai: The artificial intelligence sector FET mentioned yesterday has once again reached the 2.5 position and then fell back. It is not recommended to pay attention to it in the short term. You can short it appropriately. Shanzhai, which has rebounded significantly this month, is recommended to reduce or clear positions if you like short-term trading. For mid-term value investment, you can ignore the small fluctuations and callbacks in the middle.

If you want to know more about the crypto and get first-hand cutting-edge information, click on the avatar to follow Soft Candy, which publishes market analysis and recommends high-quality potential currencies every day.

Failure caused by insufficient cognition comes from information gaps, which is essentially due to disconnection between circles.

It is important to embrace a professional circle, which will help you take off and turn around quickly.

You can consult Soft Candy if you have any questions. WeChat: mcty9325

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments