5.8 Evening Market Analysis$BTC $ETH

Currently, the overall market is mainly consolidating with oscillations, and the pullback has not effectively broken below the 79,000 level, firmly holding the key support level. The current pattern remains in a range-bound consolidation, and the focus moving forward is on waiting for a bullish breakout signal.

Although Ethereum has experienced a slight pullback and adjustment during the day, it has consistently held above the 2250 key support level, which is a healthy correction during an upward trend. The rebound momentum is gradually gathering strength, and the overall trend remains bullish.

From the 4-hour chart, the market briefly completed a downward correction with a series of consecutive declines during the daytime, currently in a phase of pullback and bottoming structure. As the market consolidates and gathers strength, the Bollinger Bands are gradually narrowing, preparing to open upward, continuously testing the upper resistance zone. In the short term, the 79,000 support level is firmly held. The indicators have not yet shown overbought divergence signals. As long as the pullback does not break below the 79,000 key support, the overall trend remains bullish. We are waiting for the market to gather enough strength to break upward, which will trigger a rebound on the daily chart. Volume-wise, it is clear that this pullback is just a consolidation move for the bulls to gather strength. The outlook remains optimistic for the market to oscillate higher.

Trading Suggestions
Buy in batches within the 79,000-79,500 range, targeting around 81,000-82,000.

Buy in batches within the 2260-2280 range for Ethereum, targeting around 2320-2350.