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May 16 Cryptocurrency Market Analysis ‼️
【Global decline 📉BTC begins correction】
Strategy: ✅ Short positions held ✅
1️⃣【BTC】
4-hour low-level consolidation, enough time has passed for a rebound, it is very likely to continue falling.
Resistance level above 79653
Key support levels on the daily chart below 77726, 75346
【ETH】
Resonates with BTC, consolidating at low levels on the 4-hour chart
Resistance level above 2240
Key support levels on the daily chart below 2170, 2065
2️⃣ 【ETH & BTC】BTCÐ is under pressure from the 12-hour upward trend line and has not broken above it, continuing to adjust with low volatility on Saturday and Sunday. Continue holding short positions, reversing here is difficult, reduce long positions as much as possible, hold short positions.
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All opinions are personal views only
Not investment advice, DYOR
Real-time point sharing in the Telegram group‼️