5.7 Initial Analysis of Thoughts at Dawn:

Bitcoin has repeatedly suggested a long position since last night and during today’s daytime trading, with the evening price of Bitcoin dropping to around 93300 and 1750. The overall space for Ethereum is still quite good. During the evening's decline, there were timely reminders to take profits, and I believe those who have a solid understanding are doing well in this space.

Currently, the market has repeatedly surged and then retreated. In yesterday's article, I emphasized multiple times that Bitcoin has broken below the daily MA7 and 10-day moving averages at the 95000 level. Subsequently, this position serves as a resistance level for reversal, which has also been validated in the following market movements. The initial reference for support is around the 92000 level, and if it continues to break down, there will be further downside potential. The shift in trend requires a flexible response; the consecutive daily declines also indicate a weakening trend. Currently, we are watching whether the subsequent rebounds continue to see lower highs.

Dawn Trading Suggestions

Bitcoin: Continue to short around 94800 to 95300, with a target near 93000;

Ethereum: Continue to short around 1780 to 1800, with a target near 1730.

Daily strategy analysis is limited, and the market is subject to change, so please refer to real-time information for specifics. #币圈 #区块链 #比特币 #以太坊ETF