The bull market is still there, but the bull market is not a smooth ride!
Musk said a few days ago that he was going to accept dogcoin as a new means of payment, and yesterday he announced that he was giving up his bitcoin payment status, using the abandonment of his old love to find a new love as a reason is not very tenable, because less than two months have passed since he accepted bitcoin as a means of payment, and the overnight couple has been a hundred days of grace, so I can only say that Musk is fickle. However, there is no need to worry at all that Musk will shout bitcoin to death, the governments of China and the United States can’t do what Musk is more unlikely to do, but shorting bitcoin or not, it is also impossible to make a definitive statement, because Musk’s consistent mouth has led to bitcoin’s decline, but Flower believes that bitcoin’s consensus is tough enough and the power of the trend is unstoppable.
Bitcoin was affected by Musk’s comments yesterday and plunged in response. Hana believes that the impact of the news is only short-lived and will not be sustainable, the market will eventually return to rationality, and when the panic dissipates, the bulls will reorganize their attack. Back to today’s plate, bitcoin fell below the 5-day SMA, 10-day SMA and 30-day SMA support, the SMA turned down, macd penetrated the zero axis, the short term short head occupies the main advantage, experienced yesterday’s plunge, the market pressure to release, the contract market burst tens of billions, flower brother think the day will probably overshoot the rebound, position heavy recommended rebound appropriate position reduction, the overall position control in about 5 layers, the overall position. Into the attack, retreat can be defended. Support level 47000, pressure level 52000.
eth high volume down, the negative line anti-packing positive line, the loss of the 5-day average support, short-term rebound stand not on the 5-day average will continue to retrace, operationally, Hua suggested that continue to rebound to reduce positions. Support level 3500, pressure level: 4000.
bch lost 5 day SMA and 10 day SMA support, the front three release negative, short time more difficult to reorganize the offense, continue to adjust the probability of large, operation Hua suggested that the position heavy continue to rebound to reduce positions. Support level 1100, pressure level 1350.
It is recommended to wait for the low absorption, in line with the retracement of 30%-40% of the bottoming strategy after the small capital batch plunge. Support level 280, pressure level 350.
ltc lost 5 day SMA and 10 day SMA support, the 5 day SMA began to penetrate the 10 day SMA to form a dead fork, the daily macd has been dead fork, short term Hua continues to look at the adjustment, it is recommended to continue to rebound to reduce positions, it is recommended to hang single bottom in batches within the 200-300 large range. Support level 290, pressure level 330.
link5-day average and 10-day average dead fork, macd high dead fork, short-term probability is a shock or retracement, the probability of rising is not large, the operation is recommended to reduce the position of low absorption, continue to be bullish. Support level 40.0, pressure level: 46.0.
sushi yesterday finally did not hold up, once again received a short suppression, the averages began to gather together, the short term probability of another shock finishing market, Hua suggested reducing positions to wait and see, waiting for a new buying time. Support level 13.5, pressure level: 15.5.
ada yesterday counter-trend rise, has re-stepped on the 5-day SMA support, but Hua believes that the four-hour macd has the risk of top divergence, operationally it is recommended to reduce positions at high, leaving a small position to wait and see. Support level 1.8, pressure level: 2.0.
xrp rebound by pressure from multiple averages, average trend and macd do not support bullish, short term probability will continue to adjust, operationally it is recommended to continue to rebound to reduce positions. Support level 1.2, pressure level 1.4.
zec release high retracement, the negative line anti-packing positive line, the daily macd is about to form a top divergence, a short period of time the risk is great, position heavy recommended rebound to reduce positions, the long term advice small drop small buy, big drop big buy, continue to be bullish. Support level 260, pressure level 310.
xtz four-hour downward trend, there is no sign of stopping the decline, the 5-day SMA and 10-day SMA become rebound pressure, short-term probability of continued adjustment, the operation is recommended to wait and see. Support level 5.5, pressure level: 6.5.
dot daily double needle bottoming, the trend is very strong, flower suspected and the card slot auction is about to begin to have a relationship, the operation is recommended to continue to hold the coin, retracing small funds in batches layout. Support 37.0, pressure level: 44.0.
uni’s 60-day SMA supported the two declines, proving that the 60-day SMA support is effective. Operationally, it is recommended to refer to the 60-day SMA support to hold or rebound to reduce positions, either one. Support level: 34.0, pressure level: 40.0.
Key note: The trend of flower analysis are valid for 24 hours, suitable for short-term traders, if you can not insist on reading the article every day, it is easy to miss the operational guidance and cause losses. Buddhist coin holders can ignore the short-term trend and take a year, making money is probable.
2、Daily Coin News
Daily hot news interpretation
If the first half of this bull market is the home of institutions, the second half of the “retailer’s carnival” has quietly kicked off. Recently, the cryptocurrency market has seen a surge in trading volume, while stocks and derivatives have been on a downward trend, with exchange trading volume rising from $1.17 trillion in March to $1.66 trillion in April, compared to less than $100 billion in April last year. Crypto derivatives have also seen a new surge recently. The ChiNext (CME), for example, announced the launch of a micro bitcoin futures contract on May 3. Trading volume exceeded 100,000 contracts in the first six days of availability.
Meanwhile, bitcoin futures contracts have been trading at an average of 17,549 contracts per day since breaking new highs in January of this year, up 57% compared to December of last year. In addition to the increasing trading volume with each passing day, crypto market sentiment has also reached a crescendo round after round: if there is a ceiling to this market, it must be people’s imagination. With the new cryptocurrency revolution, whether actively embraced or passively accepted, people in traditional finance are also forced to re-examine the relationship with cryptocurrencies, and the recent market reaction may intensify this pace for them.
Recently, the market has seen a resurgence of the play that took place earlier this year when game stations confronted Wall Street institutions, this time with the masses, represented by dogcoins, taking on the traditional elite, represented by bitcoins, in another crypto encounter. But unlike the previous days when “MEME coins” soared, the overall market plunged on May 12 in exchange for a moment of calm. Bitcoin emerged to fight against the exploitation of fiat currency; dogcoin rose to fight against BTC, which was controlled by Wall Street and institutions; shib’s mass base came from the masses who missed the surge of dogs; and various meme coins were designed to attract people who missed shib …… Some people say the world should not have been like this, so what should it be like? To discard all predetermined values, with an objective perspective, what the world is like is what it is.
Follow the trend, be a trend follower
Only after the tide recedes can we know who is swimming naked. The recent animal coin frenzy began to make a comeback after the 5.12 experienced a cut, although there are some soaring, more or plunging more than 50% of the imitation plate, the typical runaway game, it is not recommended that you participate. Seriously, in fact, the dog coin and shit coin is not much actual value, are relying on kol’s wild milk up, all rely on faith recharge, but no value consensus will sooner or later repeat the history of 512!
The market of capital is profit-seeking, before the crash you never know if the buy is the top of the mountain, speculation of coins finally return to value, cottage is only suitable for small capital speculation, earned in time to lock profits, otherwise the final principal will also be given to the dealer.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/animal-coins-are-making-a-comeback-can-i-stay-involved/
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