Mr. Coin in the Crypto Circle: 5.22 Bitcoin (BTC) and Ethereum (ETH) latest market analysis and reference, including strategy reference.

CN
5 hours ago

Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on May 22:

Yesterday, Bitcoin opened and rose, with the price climbing to around 59,600. The intraday increase was nearly 5,000 points at its peak, followed by a pullback to test the strength of the support below. It rebounded strongly at 106,100, and the market is expected to break through the 110,000 mark. Today, the market stabilized around 111,000, with the current price slightly retracing to around 1,111,300. There is strong resistance above, and it is expected that the short-term market will maintain a high-level consolidation, so it is recommended that everyone prepare in advance.

From the daily chart, yesterday closed with a large bullish candle. Although the market is currently under pressure and has retraced, the overall trend remains unchanged. If the price can rise again and stabilize above 111,000, the market is likely to move further towards a new historical high. Currently, the bullish momentum is insufficient, and the market is in a high-level consolidation with key support at the 110,000 mark.

On the short-term hourly chart, the 1-hour candlestick fluctuates between 111,199.61 and 111,880, showing signs of a pullback in the short term, but overall it is still in an upward channel. The 4-hour MACD shows that both the DIF and DEA are in positive territory, and the MACD histogram is on an upward trend. RSI: The 4-hour RSI is at 73.4, close to the overbought zone but not yet in it. EMA: The 4-hour EMA7, EMA30, and EMA120 are all on an upward trend, and the price is running above EMA7, indicating a short-term upward trend. Overall, it is recommended to focus on long positions during pullbacks, with light short positions as a supplement.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access: The first ten each day can receive free exit strategies.

Short-term Reference for Bitcoin on May 22:

Long Position: Buy in the range of 110,000-111,001, with a stop loss at 107,000, and a target above 112,000.

Short Position: Pay attention to the breakout and stabilization at 113,000. Light short positions in the range of 113,800-114,500, with a target of 500-1,000 points, and a stop loss at 115,800.

Short-term Reference for Ethereum on May 22:

Long Position: Buy in the range of 2,550-2,600, with a stop loss at 2,450, and a target above 2,660.

Short Position: Wait and see, and enter lightly after breaking the previous high.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access: The first ten each day can receive free exit strategies.

For more real-time trading, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are not familiar with trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique views. There may be delays in sending articles, and risks are to be borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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