#BTC $BTC 5.6 Morning views on big cake, the same name coughs in the middle of the work

The market fluctuated greatly in the early morning. The big cake bulls took the lead and quickly fell back to the low of 93814 after hitting the high of 94817. Then the bulls gathered again and pushed the price up again. In the early trading period, big cake successfully broke through the important mark of 95000 and is currently maintaining a shock consolidation near this price. The trend of Ethereum is highly synchronized with Bitcoin, and the bulls and bears are engaged in a fierce confrontation. During the early trading, the price of Ethereum once surged to the 1832 line, but was suppressed by the upper resistance and then fell back slightly, entering the shock adjustment stage.

Judging from the market performance in the early morning, big cake has not yet effectively stood firm at the key pressure level of 95500. In the short term, it is difficult for bulls to form a sustained upward trend. It is expected that it will take a period of consolidation before new bull forces can be released. From the analysis of the four-hour candlestick chart, although the bulls have performed well in the early morning, they have not yet completely recovered the previous losses. As the short-selling momentum gradually weakened, the downward pressure on prices was significantly relieved. At the same time, the entry of long funds has curbed the downward trend of prices along the lower track of the Bollinger Band to a certain extent, but the current price is still suppressed by the middle track of the Bollinger Band. How to break through the middle track has become the key to further upward movement of the longs. In view of the current market situation, after entering the Asian trading session, it is expected that the market will be dominated by shock consolidation rather than continuous unilateral rise. For the high of 95,000, it is recommended to try to arrange short-term short-term operations with a light position.

Bitcoin can be shorted near 95,000, with a target near 93,500; Ethereum can be shorted at 1830-1845, with a target near 1780.