5.9 Saturday midday market analysis


Short-term bullish signals are very clear, with a strong breakout through the key resistance area on the 15-minute chart, the moving average system is in a bullish arrangement, and trading volume is expanding simultaneously. This structure is not a false rally. The U.S. April ADP employment data exceeded expectations but did not suppress risk assets; instead, funds continued to flow in. Ethereum's catch-up logic is being realized; it previously consolidated sufficiently to gather strength, and now the momentum is very strong. The daily chart also remains above key moving averages, and the trend is bullish.
Weekend market movements are not suitable for large swings!
BTC trading suggestion: Short around 81,000, take profit at 79,700, stop loss at 81,600
ETH trading suggestion: Short around 2,340, take profit at 2,300, stop loss at 2,370
BTC0.81%
ETH1.58%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin