Market laws, twists and turns, reincarnation, internal cultivation, external practice, the road is long and far. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable challenges; the success story of an investor is actually a history of learning and growth. Through hardships and scenery, do not forget the original intention, and you will eventually succeed.

2024.5.8 BTC————————

On the 7th, Qin Chuan laid out a short position at 64200, successfully capturing the highest point. Currently, the price is running around 62400, with an overall intraday space of more than 2000 points. Congratulations to friends who followed the actual combat guidance! Intraday Bitcoin is advised to focus on whether it can hold above the 62400 level and continue to exert pressure to break through the 64100 level. Otherwise, the overall price will definitely retest new lows to find support. After the short-term four-hour decline in the upper Bollinger Band, the bearish momentum officially increased, with short-term support levels at 61500-61800 and resistance levels at 63500-63800. Overall, the price is expected to continue to decline in the short term. In summary, it is recommended to maintain a cautious short position and observe intraday Bitcoin, and to take a proactive approach to shorting on rebounds.

Pending orders:

Short at 63500-63800, with a 500-point defense and a target of 500-800 points or more

(Strategy activation can only be used once, and the placement of the stop loss is at your discretion)

2024.5.8 ETH————————

Yesterday, a short position was laid out at 3120 for Ethereum, and actual combat team members all gained profits of over 90 points. Congratulations to friends who followed the guidance! Currently, the daily chart definitely shows a bearish atmosphere, and the overall price is orderly testing the bottom support. In the early session, the price quickly rebounded after falling below the key level of 3000. The main focus on the daily chart is the resistance zone of 3060-3080, while the resistance zone of 3150-3180 does not need to be considered too much at the moment. In the short term, the price is running within a downward channel on the four-hour chart, with support at 2950-2930 and resistance at 3090. On the hourly chart, the Bollinger Bands show a significant bearish divergence, and it is not advisable to try to position at the 3000 support. In conclusion, it is recommended to maintain a cautious short position and observe Ethereum, and to take a proactive approach to shorting on rebounds.

Pending orders:

Short at 3060-3080, with a 50-point defense and a target of 50-90 points or more

(Strategy activation can only be used once, and the placement of the stop loss is at your discretion)

This article is exclusively written by senior analyst Qin Chuan. He has been researching Bitcoin, Ethereum, contracts, spot, gold, forex, stocks, and other investment fields for many years. Currently, he mainly guides contract operations, with a solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, emphasizes capital management and risk control, and has a steady and decisive operating style. He is widely recognized by the majority of investment friends for his amiable and responsible character, as well as his sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, please follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Any operation based on this is at your own risk. Investment carries risks, so market entry should be cautious.

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