5.2 Morning BTC and Altcoin Analysis



From the four-hour chart, BTC’s Bollinger Bands are opening downward. The coin price is under pressure and consolidating at low levels below the middle band. During rebounds, it meets resistance, then falls again. The moving averages are in a bearish alignment, suppressing the price. The KDJ forms a dead cross while in the high zone and moves downward. Bearish momentum is sufficient, the downward trend is clear, and it is recommended to short in line with the trend.

Trading Suggestions
BTC: Short around 79,000-80,000, with targets at 78,000-77,000

Altcoin: Short around 2,320-2,350, with targets at 2,290-2,250
$BTC $ETH #美国寻求战略比特币储备
BTC1.5%
ETH0.86%
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