5.6 Cryptocurrency Market Morning Analysis, Normal Correction or Plunge
From an overall structural perspective, based on the understanding of the market in the early morning, Bitcoin has not stabilized above 95,500, making it difficult for the rally to continue, and it remains in a downward testing process in the short term.
On the four-hour chart, the early morning rally failed to recover the previous decline, and after a reduction in volume, the downward pressure has eased. The lower boundary of the rally is gradually declining, but there is significant pressure from the middle boundary, indicating that there is still room below in the short term.
Trading suggestions: Buy BTC around 935, target 945
Buy ETH around 1785, target 1830
