🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
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📅 Duration: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
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Analyst Liang Qiu: The short-term rise of 5.9 BTC and ETH is relatively large. Pay attention to the support for a pullback in the evening.
BTC and ETH have shown a significant overall rise in the past two days. Since finding support at the low point of 9.57 and around 1785 yesterday morning, the rise has been relatively large, with a maximum increase of 9000 and a 700-point range. The pullback space is relatively small, and the bullish trend is obvious. Subsequently, pay attention to the strength of the pullback support below. However, the short-term rise is too large and faces possible pullback space, so do not chase after the rise; wait for a pullback and consolidation before entering the market. Below, pay attention to the support strength around 10.2 and 2280.
The Puff Cake K-line pattern has shown a clear upward trend recently, and the daily candlestick has formed a continuous positive candle. The 4-hour timeframe also shows the strength of the market. On the technical indicators, the MACD continues to rise in the 4-hour period, and the DIF is higher than the DEA, indicating that it is currently in a bullish market. The high point of the upper pie can be short, and the aunt can be operated synchronously, and the lower part is gradually advanced by relying on the support.
In terms of operations, Liangqiu suggests entering a position around 101800 to 102300 for BTC and 2280 to 2300 for ETH, with targets looking at 103800 and around 2370. #Launchpad 首发上线 PFVS#