Crypto Market Analysis: Danger Signals for Bitcoin at 58K! Will Ethereum Reach New Heights or Experience a Major Shake-up? Latest Market Analysis
Crypto Market Analysis: Latest Bitcoin Market Analysis at 58K
Article Release Time: 2025.5.8—00:30
Current Bitcoin Price: 96,800; the analysis has been following the main trend consistently. You can check the previous articles for reference, especially the recent target for bulls at 93,700, which peaked at 97,700. Without going into how much can be captured, let's look at the current price action, where the K-line is oscillating at high levels, forming several long upper shadow K-lines, indicating heavy selling pressure above. On the daily chart, this could be a pullback after an increase. The technical indicator, the 4-hour MACD, shows weakened momentum and a risk of reversal. The EMA long-term trend remains bullish; the analysis still suggests buying on dips and being cautious with short positions.
Today's Analysis Points
Buy Point: 95,500; add more at 94,500; stop loss at 500 points; target 97,500
Sell Point: 98,000; add more shorts at 98,500; stop loss at 500 points; target 96,000
Ethereum Analysis
Current Ethereum Price: 1,815; the analysis still adheres to the usual method starting from the K-line. Currently, it is fluctuating within the 1,810 to 1,850 range, forming a distinct consolidation pattern. In the 4-hour timeframe, there are differing opinions in the market on the current price level. The technical indicator MACD shows a relatively balanced power between bulls and bears, but there is a gradually upward trend, indicating potential for further increases. Overall, the EMA shows the price is maintained above the short-term average, providing some support. Considering various indicators, the bulls have a certain advantage, but there is significant resistance. To continue rising, a deep pullback is necessary. It is suggested to trade in waves: short on highs and long on lows.
Today's Latest Reference Points
Buy Point: 1,770; add at 1,730; stop loss at 30 points; target 1,830
Sell Point: 1,850; add at 1,870; stop loss at 30 points; target 1,770
The above analysis is based on market data and trend analysis and does not constitute investment advice. For family reference only. $BTC