5.6 Tuesday BTCETH Afternoon Market
BTC daily MACD death cross confirmed, 4-hour moving averages are in a bullish arrangement but momentum is weakening. The 4-hour Bollinger Bands are narrowing, with a long lower shadow on the bearish candle, indicating low short-term market sentiment.
ETH daily RSI is neutral to weak, 4-hour RSI has dropped to 45, with insufficient rebound momentum. The current ETH/BTC ratio is close to historical lows, without an independent trend.
Operational Suggestions:
BTC: Hold around 95000 to 96500 flat
Look down to 93000 to 91000 flat
ETH: Hold around 1820 to 1860 flat
Look down to 1775 to 1710 flat
