Analyst Liang Qiu: Evening market analysis for 5.5 BTC ETH.

After a rapid decline in the early session of Bitcoin/Ethereum, ETH has rebounded overall, but BTC's overall trend has weakened. As mentioned multiple times in previous articles, BTC is mainly focused on the 95000 level. Once it breaks this level, the market will continue to decline. From the daily MA indicators, BTC has currently broken the 7-day and 10-day moving averages at the 95000 level, and the moving averages have started to turn downwards, forming a top-bottom conversion. The primary focus this evening is on the upper pressure at the 95000 level, while the next short-term support at the bottom is at the 92000 level. ETH's previous rally was relatively small, and the current rebound does not change the larger trend, so operations should be synchronized with BTC.

BTC and ETH recently show a series of consecutive bearish candlesticks, indicating a continuous price decline. The daily chart displays long upper shadows and larger bearish candlesticks, suggesting significant selling pressure in the market. In terms of technical indicators, the MACD on the 4-hour timeframe is in the negative territory, and the fast and slow lines are diverging downward, indicating a clear bearish trend. In this kind of daily small step continuous bearish trend without a significant increase in volume to create a down spike, there is still room for further price decline.

In the evening operation, Liangqiu suggests to short Bitcoin around 94200 to 94500, with a target near 92300; to short Ethereum around 1810 to 1820, with a target near 1740.

Daily strategy analysis is limited, and the market is variable, with specifics based on real-time data. #Gate.io 空投发现指南 #五月行情预测 #GORK 热度飙升