Market analysis on May 5

I. Market analysis

1. #BTC is currently quoted at 94330. After the price peaked on Friday, the price has been falling. There were two negative lines on the weekend. The price has clearly shown a signal of exhaustion, and it has returned to below 95500 again. Once the intraday pullback fails, it will be expected to be a potential head. From the daily level, the upward trend from 74500 to 98000 has been destroyed. There must be a relay adjustment structure for the subsequent rise. In the short term, it is perfect to cooperate with the 2b pattern. It will touch the position near 91000 again below (4-hour EMA, 1D Bollinger Band middle track). It is a perfect trend to maintain a wide range of fluctuations in mid-to-early May, but we need to wait for the Federal Reserve interest rate meeting on the 8th! For intraday short positions, the price can be tried near 96000.

2. #ETH The current price is 1800. It maintained a 50-point fluctuation over the weekend, which was a bit stronger than the big cake. It also rebounded after reaching 1780 in the short term. The daily level fluctuated widely between 1730 and 1870, which can be regarded as a rectangular trend. It is also linked to the market to make a relay adjustment at the daily level. The 4-hour EMA (144, 169) is marked at 1770. From the historical trend, we can see the important reference of this moving average. If it falls back during the day, we can participate in long orders again. The hourly level 1820 forms a short-term resistance point. Stabilizing again can show a signal of continued strength. It is mainly long during the day!