5.1 Afternoon Market Update

The morning price rose from the 940 line, precisely reaching the 950 resistance level. The afternoon is likely to continue in a consolidation pattern, with key levels for both bulls and bears clearly defined: resistance above at 955 and 960, support below at 935 and 930. It is crucial to strictly adhere to stop losses and flexibly adjust positions.

Technical Analysis: The RSI indicator is operating in the neutral zone of 50-60, with the MA7 and EMA30 moving averages forming a golden cross. The bulls have a slight advantage in the short term, but be cautious of a high-level correction. It is recommended to adopt a “sell on rallies” strategy:

- Place short positions in the 955-960 area, targeting a drop to 945-936;

- If it touches 1850-1830, decisively short, targeting 1780-1740.

Market volatility is increasing, so be attentive to risk management! #币安Alpha上新