5.6 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin pulled back and rebounded, touching a low near 93500 during the evening, with the price slightly rebounding above 94000. Both bulls and bears have once again entered a stalemate, and the trend has not broken through the 95000 line, and this rebound has not surpassed the short-term resistance of the day's high. Once the bullish momentum weakens, the price will inevitably retest the intraday low support.

The daily level is still in a range-bound fluctuation. After consecutive bearish candles from May 2 to May 5, it stabilized and rebounded, but the highs are gradually moving lower. Looking at the short-term hourly chart, despite a rebound of over a thousand points during the day, the trend remains in the mid-lower track area, and the short-term pattern is still weak. Currently, multiple attempts have failed to break through again, with the upper mid-track resistance slowly descending. If there is no rebound that breaks the downward mid-track pressure, then a further decline in price will be highly probable.

The 4-hour level has recently seen a rebound, with the price quickly rising from near 93500 to 94625, but it did not break the previous high. MACD: The fast and slow lines of the 4-hour level are both below the zero axis, and the MACD histogram is narrowing (-487→-606), indicating a slight weakening of short-term bears; the daily MACD golden cross continues but the histogram is flattening. RSI: The 4-hour RSI (44) has exited the oversold zone but has not entered the strong zone; the daily RSI (60.94) remains neutral. EMA: The 4-hour EMA7 (94505) is about to cross above the EMA30 (95212). If it can rebound and break through the EMA30, there will still be upward space for short-term bulls; otherwise, it will form upward pressure. In terms of operation, it is recommended to mainly short on rebounds and support long on pullbacks.

5.6 Bitcoin Short-term Reference:

Lightly short at 94700-95500, stop-loss at 96500, target: below 94000,

Long at 92500-93500, stop-loss 500, target: above 94000,

5.6 Ethereum Short-term Reference:

Short: 1835-1885, stop-loss at 1990, target: below 1780,

Long: 1730-1770, stop-loss 30 points, target: above 1800,

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the judgment and grasp of the market are, stop-loss and take-profit must be well managed for safety. #Strategy增持比特币 #BTC #BTC走势分析 #ETH #ETH🔥🔥🔥🔥🔥🔥