Big Pancake 94000 entry 97256 exit, gained 3256 points, profit of 20,000 oil

May 6 Morning Sharing:

The current BTC trend fully meets expectations, returning to the previous oscillation rhythm, and the key resistance levels for both bulls and bears have gradually become clear. On the hourly level, the market has formed a classic W-bottom pattern, with two tests of the bottom quickly closing, demonstrating the strong resilience of the 93500 support level, highlighting the bulls' resolute attitude in defending this line. At the same time, the MACD indicator has formed a golden cross below the zero axis, and is continuously diverging upwards, injecting upward momentum into the short-term market, with prices expected to continue the upward trend.

From the four-hour perspective, the K-line rebounded strongly after repeatedly testing the EMA90 trend support level, and the rising flag support level successfully retested, further confirming the validity of the 93500 support. Accompanied by a continuous decrease in the MACD green bars, the DIF and DEA lines are gradually converging, indicating that the short-term bullish strength is gathering momentum and deserves special attention. In addition, after the K-line oscillated around the lower Bollinger Band at 93500, it began to move upward, with the next key resistance level being the middle Bollinger Band at 95560: if it cannot break through, the price may continue to oscillate within the range; if it breaks through successfully, attention can be paid to the upper pressure level at 97600.

From the daily level perspective, BTC is steadily operating between the upper and middle Bollinger Bands, continuing a typical range oscillation pattern. In the 4-hour K-line chart, the inverted hammer pattern is clearly visible—after a previous three consecutive bearish adjustments, the long upper shadow of the inverted hammer indicates a weakening of bearish strength, while the high closing of the body suggests that the bulls have begun to accumulate strength for a counterattack, laying the groundwork for a subsequent market reversal.

Buy in the vicinity of 93200-93500 for BTC, aiming for 95800-96200.
Buy in the vicinity of 1760-1780 for ETH, aiming for 1850-1875.

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