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5.6 Awei midday BTC ETH analysis
Bitcoin and Ethereum are still operating within the upward channel, with moving averages maintaining a bullish alignment, MACD red bars expanding, and the trend leaning bullish. The short-term divergence rate has slightly increased, indicating a small pullback demand, which is a low-buying opportunity. The 4-hour moving averages are in a bullish arrangement, with support steadily rising. Although the MACD red bars have shrunk, there is no divergence, and the pullback will not break the bullish structure.
Trading suggestions:
BTC: Around 79,500–80,500, set up long positions, target 82,000 / 84,000
ETH: Around 2,330–2,360, set up long positions, target 2,420 / 2,500
In a word:
A pullback is a low-buying opportunity; the bullish trend is still in place, so follow the rhythm steadily. #加密市场回升 #LayerZeroCEO承认协议缺陷 #Gate广场五月交易分享 $BTC $ETH