Additional Comment on Bitcoin

2022年6月5日

BTCUSDT
BTCUSD
Price targets were met in the previous two analyzes of Bitcoin and Ethereum.
Due to the closure of financial markets today and tomorrow, the probability of bullish or bearish movements is low. But on Monday, the possibility of a move up or down in bitcoin is predictable.
If the price can see good support above the level of 29597, there is a possibility of a pull back to the area 30418-30671.98, but if it can not maintain the said level properly and loses the important level of 29298 ( Close three-hour candle below it) There is a possibility of bitcoin falling first to the level of 29077 and then to the area 28280-28014.
I emphasize that area 28014 is a very important and vital area for bitcoin.

• The optimal stop for a long position is between 29298 and 29077.
  
• The optimal stop for the short position is above level 30418.
  
• The optimal entry point of the long position after confirming the price support can be in several stages from 29514 to 29900.
  
• The optimal entry point for the short position can be in several stages from 29900 to 29597 after the fall and loss of the area.
  

PS: According to the technical rules, the probability of breaking the rising channel from the floor and falling the price is more than its growth upwards. But given the price support in these areas and the volume at these critical levels, the probability of losing the 29,000 level is low, or at least not today or tomorrow. In any case, we will act according to the levels and strategies we have mentioned.
CrazyS.

2022年6月6日

交易結束：目標達成

Due to the support of the price above the level of 29598, the price went up.
The stated goals were fully achieved.