Analyst Liang Qiu: 5.24 Big Cake Auntie Early Morning Market Analysis

The Big Cake Auntie market once again surged and then fell back, with a daily level retracement, and the four-hour level also under pressure and falling back. The Big Cake broke through 110,000, and Auntie broke through the 2,620 line, indicating a weakening trend. In terms of the K-line pattern for Big Cake and Auntie, recent prices have been oscillating at high levels, with multiple bearish candles showing significant market selling pressure. On the daily level, there is a long upper shadow, indicating clear pressure from above. In terms of technical indicators, the MACD for the 4-hour cycle is in the negative zone, and the fast and slow lines are crossing downwards, indicating that short-term bearish forces are dominant.

Early morning trading advice BTC: around 109,200 to 110,000 range, target around 107,000; ETH: around 2,570 to 2,600 range, target around 2,500. #美国加征关税