Technical analysis of BTC contract on May 2:
Today, the large-cycle daily level closed with a medium-yang line yesterday, the K-line pattern was single-yin and single-yang, the price was at a high level, and the attached indicator was running in a golden cross. However, although the price broke through the high point yesterday, it did not continue. It is currently in a waving trend. In this way, we still have to look at the range shock trend in terms of trend, and the transaction is still high-altitude and low-multiple; the short-cycle hourly chart showed that the US market rose and broke the high yesterday, and the price retreated under pressure in the early morning. The current K-line pattern is continuous and negative, and the attached indicator is running in a dead cross, so there is a high probability that there will be a demand for a decline during the day.
Therefore, today's BTC short-term contract trading strategy: sell at the current price of 96,300 area, stop loss at 96,800 area, the first target is 95,300 area, and the second target is 95,000 area;
Today, the large-cycle daily level closed with a medium-yang line yesterday, the K-line pattern was single-yin and single-yang, the price was at a high level, and the attached indicator was running in a golden cross. However, although the price broke through the high point yesterday, it did not continue. It is currently in a waving trend. In this way, we still have to look at the range shock trend in terms of trend, and the transaction is still high-altitude and low-multiple; the short-cycle hourly chart showed that the US market rose and broke the high yesterday, and the price retreated under pressure in the early morning. The current K-line pattern is continuous and negative, and the attached indicator is running in a dead cross, so there is a high probability that there will be a demand for a decline during the day.
Therefore, today's BTC short-term contract trading strategy: sell at the current price of 96,300 area, stop loss at 96,800 area, the first target is 95,300 area, and the second target is 95,000 area;
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.