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

The daily market for Bitcoin is maintaining a wide range of fluctuations, touching the low around 93350 and showing a rebound. The current price has returned to the area above 97000. The key focus moving forward is the resistance at the previous high. If there is another rebound that breaks through this area, the expected increase will likely continue further. The market is entering a stage of repair and consolidation. Although there have been fluctuations of several thousand points during the day, the current oscillation pattern has not been broken. Therefore, do not chase the rise and kill the dip; be cautious of market reversals that could cause unnecessary losses.

Looking at the short-term hourly chart, after the 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 forming double support below. Although the short-term trend is slightly under pressure and entering a consolidation phase, the strength of the pullback is gradually weakening, and the support below is continuously moving up. The price is very likely to test upwards again, so all coin friends should prepare in advance. The upper resistance levels to focus on are 97800 and 98500, while the short-term support is around the 94600 position.

5.7 Bitcoin Short-term Reference:

Light short position 97700-98500 short, stop loss at 99500, target: below 96500,

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

5.7 Ethereum Short-term Reference:

Short position: 1845-1885 short, stop loss at 1970, target: below 1780,

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

The article is sent with a delay; strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate the market judgment may be, always set stop-loss and take-profit orders to secure profits.