Crypto Circle Li Ying: The 5.5 Bitcoin plunge is just a smoke screen! Ethereum's deep pullback is insufficient! Short-term shorts may just be a bait! Latest market analysis
Crypto Circle Li Ying: Latest market analysis of Bitcoin 5.5
Article published on 2025.5.5—01:00
Current Bitcoin price is 95300, Li Ying's suggested entry point of 95000 is approaching, everyone can reference it. Currently, the market's candlestick pattern is still oscillating at high levels, forming multiple candlesticks with long upper shadows. Li Ying has noticed heavy selling pressure in the market, with consecutive bearish candlesticks appearing on the daily chart, indicating that the selling power dominates in the short term. The 4-hour MACD is in a bearish trend. The daily MACD also shows a death cross, further confirming a weak market, with significant pressure on the EMA short-term and medium-term moving averages. The EMA120 is far from the current price, indicating that long-term support has not been touched. Short-term shorts do not represent long-term shorts, so after reaching support, one can start entering the market, ensuring to set a stop-loss to prevent trend changes.
Today's Li Ying price prediction
Long entry at 95000, add to long at 94000, stop-loss 500 points, target 98000
Short entry at 97000, add to short at 98000, stop-loss 500 points, target 95000
Ethereum analysis
Current Ethereum price is 1830. Li Ying still emphasizes that the depth of Ethereum's pullback is insufficient. This market condition is not easy to enter temporarily. Li Ying has observed that the candlestick pattern is oscillating around 1830, forming a small fluctuation range. On the daily chart, there are continuous small bearish candlesticks, indicating that there is some selling pressure in the short term. The technical indicator 4-hour MACD shows weakening downward momentum, which may turn into a sideways movement or rebound. The EMA does not show a clear trend in the short term. The EMA120 is far below the current price, and the long-term trend is still bullish, so it is not suitable to chase short-term shorts, and waiting to buy after hitting the bottom is a wiser choice. One can look at larger movements with smaller positions.
Today's latest price reference
Long entry at 1800, add to long at 1780, stop-loss 30 points, target 1870
Short entry at 1860, add to short at 1890, stop-loss 30 points, target 1800
The above analysis by Li Ying is based on market data and trend analysis of the order books and does not constitute investment advice. For family reference.