5.7 Bitcoin and Ethereum Market Analysis Overview

Bitcoin: On the daily chart, after the price rebounded at 93500, it has been fluctuating above the 7-day moving average. The Bollinger Bands are narrowing, and the upward momentum is weakening. The 4-hour level shows that the price is facing resistance at the upper band.

Key Levels: Support at 96000, strong support at 93000; resistance at 99000.

Trading Suggestions: Short around 97500, long around 96200.

Ethereum: The price is above the 7-day moving average but has not stabilized yet; pay attention to the resistance at 1900. Support levels at 1750, 1700.

Trading Suggestions: Short at 1860, long at 1770.

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If you can't see the trend, going long will lead to a drop, and going short will lead to a rise!

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