5.6 Bai Mu Xin Evening Market Analysis and Strategy


The market remains strong with continuous short squeezing, and short positions are being wiped out in large quantities.
The short-term trend has no motivation for a deep correction.
The key support level is at 80830; holding this level maintains the bullish pattern, and there is no blind shorting.
Only if it effectively breaks below this level will a correction be triggered, targeting the 79461 level.
The overall market is steadily rising, with support levels continuously moving higher, and the bullish trend remains intact.
However, a slight bearish divergence has appeared on the hourly chart, so short-term technical pullback risks should be watched in the high zone.

BTC: Short around 83000-83500, watch for support around 82000-81000

ETH: Short around 2420-2440, watch for support around 2390-2350$BTC $ETH #比特币站稳8万关口
BTC0.6%
ETH-0.57%
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