5.4 Monday midday market analysis


The current market is more neutral in structure, although some signals have appeared, it has not reached an extreme state. The recommendation for execution is to prioritize stability.
It is still in the neutral zone. During the range fluctuation, Bitcoin-related developments, the Strait of Hormuz news, and Trump's statements on Iran are noteworthy.
BTC daily chart breaks new highs, 4-hour level surged but did not retreat, early morning dropped to around 78,200 then quickly rose to 80,400, showing strong bullish momentum, with no signs of a pullback. This indicates that the bears lack momentum, and this level is prone to sideways trading rather than a decline. Be cautious to avoid risks.
ETH trading suggestion: buy on dips around 2,320, take profit at 2,400+, stop loss at 2,280.
BTC0.18%
ETH0.58%
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