Bitcoin Market Analysis Ethereum Analysis Bitcoin Long Bitcoin Contract Skills #How to trade Bitcoin contracts 5-minute guide to understanding Bitcoin market: Breakout of a big bullish candle, facing key resistance

24-hourMarketAnalysis · 2024-05-21T15:23:02+00:00

SummaryBitcoin skyrocketed yesterday, mainly due to the expectation of a Fed rate cut and the approval of the ETF. With the supply not strengthening, the current price is conducive to implementing a long strategy.Emphasis- 😃 Bitcoin's surge is due to expectations of a rate cut by the Federal Reserve and the anticipation of ETF approval.- 😊 Supply has not strengthened, and trading volume has not increased significantly. The current price is a long strategy for entering the market.- 😕 Ethereum has experienced a significant short-term increase, with the entry point set around 3600.- 😲 It is recommended to add positions for Sol variety, with the stop loss point set around 180.- 😐 The altcoin market is influenced by Bitcoin and will only have more opportunities after high-level fluctuations.

24-hourMarketAnalysis

2024-05-21 15:23:02

Overview

Bitcoin skyrocketed yesterday, mainly due to the expectation of interest rate cuts by the Federal Reserve and the anticipation of ETF approval. With the supply not strengthened, the current price is suitable for implementing a long strategy.

Emphasis

😃 The surge in Bitcoin is due to expectations of a rate cut by the Federal Reserve and the anticipation of ETF approval.
😊 The supply has not strengthened, and the trading volume has not increased significantly. It is a strategy to go long at the current price.
😕 Ethereum短线事实已涨幅较高,将进场点位设在3600附近。
😲 It is recommended to add positions for Sol varieties, with a stop-loss point set around 180.
😐 The altcoin market is influenced by Bitcoin and more opportunities will only arise after a high-level oscillation.

BTC1,68%

ETH1,02%

SOL2,08%

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