Morning Market Analysis on 5.6

From the market perspective, Bitcoin has recently closed multiple large bearish candles, reflecting a strong bearish sentiment. The short-term trend is significantly downward. However, the indicators show that bearish momentum has slightly weakened, although there has not yet been a clear reversal signal. Analyzing the moving averages, the EMA shows a fluctuating downward trend, indicating that the short-term market is likely to remain volatile or continue to decline. Looking at the MACD indicator, its value has turned from negative to positive, indicating that there is some rebound momentum in the short term, but this momentum is still insufficient to reverse the overall downward trend. Remain bearish, keep your stop-loss in place and do not counter trade.

Morning Trading Strategy

- Short Bitcoin around 950-955, targeting 930-917.

- Short Ethereum around 1830-1860, targeting 1780-1720.

Personal advice is for reference only $BTC $ETH #币安LaunchpoolSXT