5.6 Afternoon Wind Market Analysis



The early trading session saw the coin price deeply retrace and recover, strongly stopping the decline at the 80,600 level and stabilizing. Subsequently, the bulls launched a counterattack, directly breaking above 81,000 to start the rebound. Ethereum's trend did not synchronize with Bitcoin's, showing a clear relative weakening, with support around the 2,350 level. Currently, it is hovering below 2,370, consolidating with fluctuations.

The daily chart shows an intact bullish upward structure, with strong consecutive green candles, and the coin price steadily operating within the upper middle band of the Bollinger Bands' upward channel. The one-hour chart is in a high-level sideways consolidation, with Bollinger Bands continuously narrowing, and the selling pressure gradually weakening. The overall bullish trend is unquestionable.

Trading Suggestions
Bitcoin: Buy at 80,500-81,000, target 82,000.
Ethereum: Buy around 2,350, target 2,450.
BTC2.01%
ETH1.55%
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