Bitcoin's short-term rising channel fluctuates, don't EMO!

May 17, 2022

The U.S. just announced the monthly rate of retail sales in April, recording 0.9%
It hit a new high since January this year, in line with expectations;
The previous value was revised up from 0.5% to 0.7%

After the data was released, the market fluctuated little in the short-term
Consumers will shift from goods to services such as travel and entertainment
Demand for summer events picks up as virus-related concerns subside
The policy is relatively favorable in the short term

Back to Bitcoin:
At present, the policy is basically in the second window period.
The driving force of the disk is still dominated by technical analysis
Yesterday, it was said that the short-term bulls have a chance to counterattack
An effective breakout of this ascending channel is a secondary confirmation of the midline bulls
If the weak market continues
There is also a chance to do more after effectively falling below the channel

It is still entertainment time for short-term customers
Open orders according to the mini-level divergence signal
As long as you are still in this channel
Sell high and buy low is yyds

If there is a mid-line bullish market next (subject to the effective breakthrough channel)
This id subjectively believes that there will be a wave of cottage market led by Ethereum
Equally short.