Analyst Liang Qiu: Latest Trend Analysis of Bitcoin on May 4

Analyst Liang Qiu: Bitcoin and Ethereum fluctuate upward on May 3, focus on the support below

The market for Bitcoin and Ethereum has been continuously fluctuating upward in the past few days, with the support below being raised step by step. The overall trend is relatively strong, especially for Bitcoin, as the pullback after the rise has been relatively small, indicating that there is further room for price increase. According to the daily MA moving average indicators, they have begun to turn upwards, with short-term support forming again at 95000 and 1780. After a pullback on the hourly and four-hour levels, there has been a stabilization and subsequent rise, and this small pullback followed by consolidation is more conducive to further price increases.

In terms of the K-line pattern for Bitcoin and Ethereum, the recent price has been fluctuating above 96000 and 1800, forming a narrow range consolidation pattern. Technically, the current MACD histogram is in positive territory but gradually shrinking, indicating a weakening of bullish momentum, and a potential crossover to a bearish signal. However, the lows keep being elevated, and the weekly level is beginning to build a bottom and rebound. As long as there are no significant negative factors, the market will continue to move in waves.

In terms of operations, Liang Qiu suggests entering long positions for Bitcoin around 95300 to 95800, targeting around 97800; for Ethereum, enter long around 1800 to 1810, targeting around 1880.

Daily strategy analysis is limited, and the market is variable; specifics should be based on real-time conditions. #非农就业数据来袭