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5.9 Bitcoin and ETH Market Brief Analysis
The market is in a bearish downtrend; the dark cloud cover pattern is a sign of a decline. Although it is nearing short-term support, trading volume is insufficient, so price action is weak and volatile, with a bearish bias. Combined with negative factors from the US dollar and US Treasuries, the market remains under pressure, with rebounds still mainly seen as opportunities to sell high.
BTC: Short 80,000-80,500, target 79,000-78,500
ETH: Short 2,295-2,320, target 2,230-2,200
The strategy is for reference only; the market is highly changeable, and you bear the risks yourself.
$ETH $BTC