Coin Circle Li Ying: Is Bitcoin 96000 on May 4 a trap or an opportunity? Ethereum shows clear selling pressure! Latest market analysis
Coin Circle Li Ying: Latest market analysis for Bitcoin on May 4
Article published on May 4, 2025 - 01:00 AM
Current price of Bitcoin is 96150, has the main theme of buying on dips arrived for everyone? Let's take a look at the current market K-line fluctuating between 96000 and 97000, forming a narrow range consolidation pattern, with some selling pressure and buying power on the daily level. Technical indicators show that the 4-hour MACD is showing signs of a death cross, suggesting potential short-term pullback pressure. The EMA short-term trend is weak, but the mid to long-term trend remains upward. Therefore, Li Ying's strategy is simple: as long as the key support is not broken, continue to go long effectively and refrain from shorting for now.
Today's Li Ying point forecast
Long entry point 95000, add long at 94000, stop loss 500 points, target 98000
Short entry point 97000, add short at 98000, stop loss 500 points, target 95000
Ethereum analysis
Current price of Ethereum is 1830, the depth of Ethereum's pullback is insufficient, so there is no rush to enter the market. Currently, the market K-line is fluctuating between 1820 and 1840, forming a narrow range consolidation pattern. Li Ying has noticed clear signs of strong selling pressure near the previous high of 1873, and the price has not been able to break through this area. Technical indicators show that MACD bullish strength is weakening, while the EMA short-term trend is unclear; the long-term trend remains good. Before the trend changes to bearish, Li Ying's main strategy will not change, still focusing on buying low, unless it stretches to key resistance levels, shorting will not be considered before that.
Today's latest point reference
Long entry point 1800, add at 1780, stop loss 30 points, target 1870
Short entry point 1860, add at 1890, stop loss 30 points, target 1800
The above analysis by Li Ying is based on market data and trend analysis of the order book and does not constitute investment advice. For reference only for family members. $BTC