Chu Yuechen: Bitcoin (ETH) Contract Strategy Suggestions and Trading Reference for May 22nd

Chu Yuechen: 5.22 Bitcoin and ETH Contract Strategy Suggestions and Trading Reference BTC 4-Hour Chart: The price is trading below the Bollinger Band middle line (approximately $77,700), with the middle line sloping downwards, forming intraday resistance. The MA7/30 is hovering between $77,500 and $78,000, and the MACD is flat below the zero line with weak red histogram momentum—bearish momentum is weakening, but bulls have not gained the upper hand. Key range: Resistance at $78,000-$78,500, support at $76,600-$77,000; consolidation is expected until a valid breakout. ETH: The trend is weaker, with the 4-hour middle line (approximately $2,145) continuing to act as resistance. Support at $2,100-$2,105, resistance at $2,145-$2,155. Altcoins: Privacy coins (ZEC, DASH, Monero) are bucking the trend, possibly due to the demand for anonymity and safe haven amidst the fluctuating Middle East situation. However, their sustainability is questionable, and chasing highs is not advisable. For intraday contract trading, maintain a short position at 78000-78500, with a stop loss above 78600 and a take profit around 76000. (Real-time market monitoring is necessary; avoid being fixated on specific price levels and take profits promptly.) Volatility is relatively low, so don't expect too much. For ETH, a short position is recommended at 2140-2150, with a stop loss at 2200 and a take profit around 2100. If the price breaks below 2100, add to the short position, targeting the 2000 area. I will provide real-time price alerts. For those interested in discussing trading together, please see my profile.