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May 6th Bitcoin and Ethereum Market Analysis
Bitcoin's rebound trend is still ongoing, with technical indicators showing consecutive top divergences, but the price has not retraced accordingly, and the bullish momentum remains strong. In the short term, continue to watch for a breakout of the early morning high; if it holds steady, further upward movement is possible.
Ethereum's current trend is relatively weak, and the market is in a state of oscillation, which is a sign of severe liquidity shortage. Buying interest is weak, and short-term improvements are unlikely; patience and waiting for capital rotation is the best strategy.
Trading suggestions:
Intraday support level: 78,300-78,800 Long
Intraday resistance level: 82,300-82,800 Short
#Gate广场五月交易分享 $BTC