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May 5th, Friday, Awei Midday BTC/ETH Strategy Sharing
Bitcoin price is fluctuating narrowly around 76,000, repeatedly testing the 76,600 level but failing to break through, with obvious lack of bullish momentum, and the upward trend is weak.
Currently, the market lacks effective breakout momentum, and the short-term structure is relatively weak.
In terms of operations, until 77,000 can be effectively stabilized, maintain a bearish outlook and be cautious of the risk of a long-term decline.
Trading suggestions:
Bitcoin: Short in the 76,900-77,800 range, target 74,500
Ethereum: Short in the 2,280-2,300 range, target 2,170