5.7 Crypto Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday market remains in a wide fluctuation, rebounding after touching around 93350 at a low point. The current price has returned above the 97000 region. Going forward, focus on the resistance at previous highs. If it breaks through this area again, the increase is expected to continue further. The market is entering a phase of correction and consolidation. Although the price fluctuated by several thousand points during the day, it has not broken the current fluctuation pattern. Therefore, avoid chasing prices and selling at a loss, and be cautious of potential market reversals that could cause unnecessary losses.

From the perspective of the short-term hourly chart, after a rebound from evening to early morning, the Bollinger Bands are opening up, and the situation is gradually improving. Currently, it is in the upper band area, with the five-day and ten-day moving averages providing double support below. Although the short-term trend is slightly under pressure and entering consolidation, the strength of the pullback is gradually weakening, coupled with support moving upward. It is highly likely that the price will test upward again, so I hope all coin friends are prepared in advance. The upper resistance levels are at 97800 and 98500, while the short-term support is around the 94600 position.

5.7 Bitcoin Short-Term Reference:

Light short position at 97700-98500, with a stop-loss at 99500; take profit: 500, target below 96500,

Long position at 93500-94500, stop-loss 500, target above 95000,

5.7 Ethereum Short-Term Reference:

Short position: 1845-1885, with a stop-loss at 1970; take profit: 1990, target below 1780,

Long position at 1740-1780, stop-loss 30 points, target above 1810,

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly; regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure gains.