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Analyst Liangqiu: 5.9 Bitcoin/Ether market analysis at dawn


Bitcoin/Ethereum has seen a strong upward trend since last night, with the overall upward momentum being very strong. We have repeatedly emphasized in our previous articles that the larger trend still leans towards bullish, and there will be short-term pullbacks. When making high-leverage short positions, it's important to set proper stop-losses. However, the market has been rising steadily, with relatively small pullback forces. As of now, Bitcoin has once again broken through the 100,000 mark, reaching around 101,500, while Ether has also surpassed the 2,000 mark, reaching around 2,075. The overall trend remains very strong, with a rise of 6,000 points and 300 points in space since last night's low.
The market has surged significantly in the short term, and it has now eased somewhat. In the early morning, the main focus is on whether there will be a pullback, especially paying attention to whether the market will stabilize around the 99000 mark by 8 a.m. tomorrow. Once it stabilizes, there will still be room for the market to gain momentum after gathering strength. On the upside, the short-term resistance levels to watch are 102000 and the 2100 line.
In the early morning operation, Liang Qiu suggests going short on Bitcoin around 101300 to 101800, with a target near 99500; for Ether, go short around 2060 to 2080, with a target near 1980, and stop losses at 102800 and 2120.
Daily strategy analysis is limited, and the market is variable, specifically based on real-time data. #BTC突破99k# #鲍威尔发言# #Tether增发10亿枚USDT#
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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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TreatTimeAsAFriendvip
· 05-08 22:02
Ether this round of rebound is too strong, I dare not do shorting.
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