Analyst Liang Qiu: 5.7 Bitcoin/Ether market analysis

Bitcoin and Ether surged again overnight due to news stimulus, even reaching near 97700 and 1850 at one point. Our continuous short positions from yesterday successfully hit the target before stopping out. However, the article repeatedly mentioned the importance of paying special attention to the breakout situation at the 95000 line of Bitcoin for top-bottom conversion. A successful breakout with effective stabilization could allow for a short-term long position to capture some space, making trend grasping particularly important. Currently, the market has once again retreated after a strong surge in the early session. Although the momentum was fierce, it has not broken the recent daily high points around 98000 and 1870. We can rely on the high point to observe the pressure and retreat while paying attention to the high point resistance.

The hourly and four-hour charts have started to pull back, facing resistance above. We will watch the situation closely. Continuously pay attention to the gains and losses around the 95000 line for Bitcoin. Due to recent news impact, timely adjustments need to be made.

Operationally, Liang Qiu recommends shorting Bitcoin around 97000 to 97500, with a target near 95300; shorting Ether around 1830 to 1840, with a target near 1780.

Daily strategy analysis is limited, and the market is volatile, with specifics based on real-time. #Gate.io 币种上新 #以太坊 Pectra 升级 #Strategy 再增持 BTC