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Analyst Liang Qiu: 5.20 BTC ETH Evening Market Analysis


BTC ETH have once again staged a wide range of fluctuations in the past few days, but while the volatility is large, the space is also relatively ample. Currently, after BTC ETH surged again in the early session, it has already retraced; in fact, we laid out multiple long positions last night, and the early session opened with a short position that continues to be held. After all, when a trend emerges, it is best to follow the trend. The four-hour level has once again surged and then retreated, currently arriving at the mid-band of the Bollinger Bands, and the market will continue to decline, focusing on the short-term support levels around 2400 and 102800.
BTC ETH K-line pattern shows that the recent price is oscillating at a high level, forming multiple long upper and lower shadows, indicating a significant divergence between bulls and bears in the market. The daily level has seen consecutive bearish candles, suggesting strong selling pressure in the short term. In terms of technical indicators, the MACD on the 4-hour cycle is in positive territory, but the fast and slow lines are gradually getting closer, and the momentum bars are shrinking, which may face adjustment risks. Despite the relatively large pullback currently, there is still room for further pullback adjustments in the evening.
Evening operation suggestions BTC: 104500 to 105000 range, target around 103000; ETH: 2480 to 2500 range, target around 2400.
The publication is time-sensitive, subject to real-time updates. #Gate 品牌战略重磅升级# #GENIUS稳定币法案# #SOL突破170美元#
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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