5.8 Thursday Afternoon Analysis of Bitcoin
Overnight, the Federal Reserve maintained interest rates, and the market reacted calmly, with weak fluctuations in candlestick charts. Although there was a slight rise in the morning session, the trading volume was insufficient, and the rebound was weak, resembling a signal to lure buyers before a decline. The market lacks sustained upward momentum, with limited rebound potential, and trading volume has shrunk significantly, showing a high-level consolidation pattern. Caution is needed for the subsequent pullback risks, and the afternoon strategy should focus on short positions. Strictly control positions and set stop losses to avoid blindly chasing rises.
Bitcoin trading in the 990-994 range, looking down at the 979 range
Ethereum trading in the 1910-1930 range, looking down at the 1800 range
