On Tuesday, the intraday market basically remained in a range, sideways correction as the main rhythm of operation. After Bitcoin hit the 110663 line in the morning, it continued to retrace at noon, but the strength was weak, and it slowly declined, and the lowest in the day hit the 109012 line and stopped, and the current currency price recovered again to the 109829 line operation. Ethereum in the morning after the 2727 formation of a small step back shock trend, Ethereum in the afternoon mining 2654 line after the formation of a shock rise, the price of the currency in the afternoon again strong pull up, the highest price of the currency touched the 2797 line, the price of Ether is also forced, the price of the currency continues to give a breakthrough. The overall market has built a technical structure of shocks and upwards, the bottom support level has been rising, and the upward trend has become more and more stable.

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As the price broke through the key resistance level one after another, Bitcoin successfully broke through the suppression of the previous downward channel and broke through the $110,000 mark in one fell swoop. In the short term, the four small highs continue to fluctuate, yin and yang are swapped, and the space for stepping back is limited, and it is still in a strong bullish trend. In this market, we need to uphold the trading principle of "it is better to go long with the trend and accept the stop loss, than to blindly guess the top and go short against the trend". It is expected that the market will most likely continue for two days, providing investors with an opportunity to profit from the fishtail market, and then it will usher in a phased adjustment. Today's market shows a strong bearish upward trend, and the daily and weekly level upside is fully open. After the key position is broken, the top and bottom conversion points should be used as a reference basis for long, and the follow-up focus on the continuation of the strength of the market, and it is recommended to continue to go long in the evening, waiting for a new round of breakthrough market.
#5月CPI 数据将公布 #科技巨头布局稳定币 #现货比特币ETF持仓破110万枚