$BTC This Friday is settlement day. Based on this week's performance, bulls have shown signs of entering. Therefore, Q2 will mainly focus on short-term longs. As repeatedly emphasized before, BTC needs to at least rebound to around 83000 before considering shorting entries. The reason is that 83000 is the key 0.618 Fibonacci level. In this round from 120000 downward, theoretically it should consolidate around the 0.618 level, but due to excessive selling pressure from bears, an effective rebound failed to form. Now bears are entering a consolidation phase, and bulls will seize the opportunity to recover this level. 83000 is the appropriate timing for short positioning.
Altcoins are showing signs of recovery recently. Those holding positions should patiently hold firm.
$DOGE On the daily chart, MA5 has successfully crossed above MA30, with potential for a short-term rebound to the 0.15 level.
$BNB There is a relatively high probability of returning to the $800 mark before June.
$BTC This Friday is settlement day. Based on this week's performance, bulls have shown signs of entering. Therefore, Q2 will mainly focus on short-term longs. As repeatedly emphasized before, BTC needs to at least rebound to around 83000 before considering shorting entries. The reason is that 83000 is the key 0.618 Fibonacci level. In this round from 120000 downward, theoretically it should consolidate around the 0.618 level, but due to excessive selling pressure from bears, an effective rebound failed to form. Now bears are entering a consolidation phase, and bulls will seize the opportunity to recover this level. 83000 is the appropriate timing for short positioning.
Altcoins are showing signs of recovery recently. Those holding positions should patiently hold firm.
$DOGE On the daily chart, MA5 has successfully crossed above MA30, with potential for a short-term rebound to the 0.15 level.
$BNB There is a relatively high probability of returning to the $800 mark before June.