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 in the early morning is more like a false signal to attract buyers.
The daily and four-hour cycles are generally weakening, and the hourly chart has three consecutive bearish candles breaking below key levels. The bulls' brief rebound lacks momentum and cannot stabilize the market.
The current market pattern is clear: avoid long positions and reckless bottom-fishing; going with the trend is the key.
Follow the bearish rhythm steadily, calmly capturing this downward profit.
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.
ETH0.62%
BTC0.25%
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XiaoAxin'sUDream
· 14h ago
Hop on now!🚗
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