5.4 Sunday, Latest Bitcoin Market Analysis

The high short position provided the day before has nearly 2,000 points of space. Yesterday, Bitcoin's market showed a downward trend with fluctuations, rebounding in the evening after touching the low point of 95853. Ethereum similarly saw its market plunge to the low point of 1816 in the afternoon after a continuous drop since the morning, and then gradually rebounded, reaching a high of 1839 in the evening.

The BTC daily line top pattern has emerged, and confirmation of the pattern will be conducted tomorrow. Key resistance to watch above is around 96900-97500, with short-term support below at around 95500-96000. Only a break below this short-term support will allow a deeper pullback to the 93000-94000 range.

BTC: 96900-97500 short →_→ 95500-95800 long

ETH is currently still in a range-bound fluctuation, with short-term support around 1800-1810 on the 1-hour level and support around 1760-1780 on the 4-hour level. Resistance is at 1860-1870 above.

Weekend market fluctuations are not large; buy on dips at support and layout shorts at resistance is fine. Just maintain good risk control. Next week, a trend change should occur, and volatility will increase. Therefore, for the weekend, just operate based on the current strategy of selling high and buying low within the range.