Today's Market Strategy Analysis:
$BTC Although it has been in a sideways state these past few days, there has been a clear trend of price increase without volume. After repeatedly testing the support level at 94000 in the morning and failing to rebound, it has broken down. Therefore, the short-term outlook remains bearish. Attention should be paid to the support level around 92800, with resistance at 95500. If this pullback does not reach the target, the short-term outlook will mainly be bearish!
$ETH still follows the trend of Bitcoin, but there was an upgrade on May 7, so it can be monitored!
Short-term support levels are at $1754 and $1600 (a key psychological support level; if broken, it may trigger large-scale liquidations). Resistance level: $1920; if broken, it may further challenge the area above $2000.
Before every major market movement, the market is always calm, but various indicators will hint to investors! For example, the trading volume these past few days and the behavior of altcoins dropping without rising!
All market conditions need to be grasped by the investors themselves! If you still cannot understand the market, feel free to consult!
Within the day, pay attention to: PARTI NKN SCRT
