Analysis for the evening of May 6th


Oversold rebound momentum is sufficient
After a previous sharp decline, the bearish sentiment has been fully released, indicators have entered oversold territory, KDJ is turning upward, and MACD green bars are shrinking, indicating a strong technical rebound demand.

Key support remains solid
Gold prices are forming strong support at the core support level, the long lower shadow at the low confirms buying strength, Bollinger Bands are narrowing, downward momentum is exhausted, and the bulls are gradually regaining control of the market.

Bullish trend remains unchanged
In the short term, breaking through the key resistance level has opened up upside space, with a series of consecutive positive candles indicating a clear buy signal. Currently, chasing long positions is not very meaningful; my personal suggestion is to short around 82,700-83,200 with a target of 81,500-80,700. #BTC #ETH #BTC走势分析
BTC0.17%
ETH-1.08%
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