Technical analysis by trendtraderkarl about Symbol BTC: Sell recommendation (5/12/2023)

BTC will continue to fall! Yesterday, the market continued to decline. BTC showed signs of rising, but it was suppressed by the weak MA20 moving average, and the market clearly declined. I don’t know if you have followed the trading signal given by Karl yesterday. I believe that everyone who pays attention to Karl has made money! Analysis of btc market on May 12th: btc one-hour market trend, everyone pay attention to this descending channel. It was pulled up by a wave of news before, but it was quickly drawn back. You can wait for the market chart to break through the descending channel, and then When breaking through the MA120 moving average, do long positions in light positions. At this stage, it is mainly at high altitudes. You need to be cautious when doing long positions and pay attention to controlling positions! Analysis of the eth market on May 12: the one-hour market trend of eth, the market has continued to decline, and the MACD energy column is also very weak. Control the position! Trading strategy for May 12: BTC: Look at 28250 to 28450 for the upper pressure level and 26450 to 26250 for the lower support level. eth: Look at 1895 to 1915 for the upper pressure level, and 1725 to 1705 for the lower support level. The views and opinions expressed here are solely those of the author, every investment and trading action involves risk and you should do your own research when making a decision. If you can't make precise profits, then contacting me is your best choice! A professional trader can help you make money easily!