5.3 Sunday Afternoon Market Analysis


The four-hour chart of Ethereum has completely shown a top signal, and the slight rally at this point early morning is more like a false trap to lure buyers.
The daily and four-hour cycles are generally weakening, and the three consecutive bearish candles on the hourly chart broke below key levels. The bulls' brief rebound lacks momentum and cannot stabilize the market.
The current market pattern is clear: avoid long positions, do not blindly bottom fish, and follow the trend.
Stick firmly to the bearish rhythm, calmly grasp this downward profit wave.
BTC trading suggestion: short at 78,500-79,000, stop loss above 80,000, take profit at 77,500-75,000.
ETH trading suggestion: short at 2,320, add at 2,350, stop loss at 2,400, take profit at 2,265-2,200.
ETH0.68%
BTC0.44%
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