5.6 Lunchtime Market Viewpoint: High-level Divergence, Don't Step on the Key Positions!



During lunchtime, the market overall maintains a high-level trading pattern, with Bitcoin and altcoins moving in sync but showing slight strength and weakness differences. We combine 4-hour cycle signals to provide a clear analysis.

Bitcoin is currently trading at a high level around 81,200. After rising from 74,868 to reach a high of 81,745, the pace has slowed down. The 4-hour MACD shows a shrinking red histogram, indicating that the bullish momentum is gradually weakening. Short-term upward space is limited, mainly consolidating within a range.

Altcoins are also trading at high levels around 2,361. The 4-hour MACD shows an initial death cross, with bullish momentum weakening first. The correction pressure is more obvious than Bitcoin's. If the 2,340 support is broken, the downward space will open further.

Bitcoin suggestion: Consider adding long positions above 81,700, with a focus on supporting around 80,500.

Altcoin suggestion: If the price falls below the 2,340 support, wait for stabilization before considering a low-buying opportunity; if it reclaims above 2,380, you can lightly follow up to test the previous high.
BTC0.83%
GT0.68%
ETH-0.2%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin