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Cryptocurrency News Video

5.22 Bitcoin trend analysis: Bitcoin and Ethereum have experienced huge short-term gains. Long orders are mainly defensive, and the stop loss for long orders is 69,000. It is not recommended to chase long at high levels (Bitc

May 23, 2024 at 09:27 am 比特幣軍長

What is the trend of Bitcoin today? What is the Bitcoin prediction?

5.22 Today's Bitcoin price trend: After it was recommended to chase long near 69,000 yesterday, the price rose to 72,032, but retreated to 69,000 in the evening. For those who have not taken profits on long orders, it is recommended to set the stop loss level at 69,000. If it falls below this level, it may mean the end of the market.

The midline structure analysis shows that in the ABC wave analysis on May 19, the minimum target of wave C is 69,000. It still meets the ABC structure, but it has not yet been confirmed whether it will take the yellow route. Therefore, it is not recommended to continue to pursue long positions today. Yesterday’s opportunity to pursue long positions is no longer applicable.

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