$BTC $ETH 5.1 Early Morning Thoughts on Bitcoin and Ethereum Market Analysis
Today's market has completed its course, and this night has been quite rewarding. Our thoughts have been accurate as a norm. Even though Bitcoin has fluctuated, it has not escaped our analytical grasp. Ethereum touched a low and then gradually rose, with Bitcoin peaking around 95100. The price has rebounded multiple times but failed to break through the range, dropping to a minimum of around 92800. I won't elaborate much on the layout details; friends who understand the analysis must have grasped some of it. While the thought process is important, seizing the opportunity and maintaining the right balance during trading is an equally crucial aspect.
Bitcoin's daily candlestick chart is gradually trending downwards, with a bearish trend emerging. Market sentiment is increasing, and volatility is also growing. In the four-hour structure, the price has broken below the range track, with support levels moving downwards. There has not been much change in the upper resistance level. The hourly structure has formed a slope shape, with an upper shadow doji candlestick between two candlesticks. A dusk star has appeared, indicating a potential minor weakness. The bulls' momentum is slowing down, and we expect a pullback in the price. The range for Bitcoin is suggested as
93800-94400 for short positions, with a target around 92700. For Ethereum, a short position is suggested at around 1800, with a target of 1750-1700.
A fan today got badly burned, losing over seventy thousand. He only found me now, and I want to ask where he ran off to before. Now he's following my strategy, and I've told him to enter a short position at 1800. Let's see if he can recover some of his losses. Another fan has also been advised to enter the market around this position.
