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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
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Analyst Liang Qiu: 5.3 BTC ETH fluctuates upward, follow the support below.
BTC ETH have been experiencing a continuous upward fluctuation in the market these days, with the support gradually rising step by step. The overall trend is relatively strong, especially in terms of Bitcoin, where the pullback after the rise is relatively small, indicating that there is still room for further increases in the market. From the daily MA indicator perspective, they have started to turn upwards, with short-term support forming again at 95000 and 1780. After the pullback on the hourly and four-hour levels, there is a stabilization and rise starting again. This horizontal consolidation after a small pullback is more conducive to further increases in the market.
BTC ETH K-line pattern recently fluctuated above 96000 and 1800, forming a narrow range consolidation pattern. In terms of technical indicators, the current MACD histogram is in positive territory but is gradually shrinking, indicating a weakening bullish momentum and the potential for a death cross. However, the lows are continuously rising, and the weekly level is beginning to build a bottom for a rebound. As long as there are no significant bearish factors, the market will continue to move in waves.
In terms of operation, Liang Qiu suggests entering long positions for Bitcoin around 95300 to 95800, targeting near 97800; for Ethereum, entering long positions around 1800 to 1810, targeting near 1880.
Daily strategy analysis is limited, and the market has variability, with specifics based on real-time data. #MemeBox 现已支持 Solana 公链# #美联储5月利率预测# #五月行情预测#
The BTC ETH market has continued to fluctuate upwards in the past few days, with the support below gradually rising, indicating a strong overall trend, especially in terms of Bitcoin, where the pullback after the pump is relatively small, suggesting there is further room for price increase. According to the daily chart MA indicators, they have all started to turn upwards, with short-term support forming again at 95000 and 1780. After a pullback on the hourly and four-hour levels, there has been some stabilization and rise again, and this small pullback followed by sideways movement is more beneficial for further price increases.
Recently, the price of BTC ETH in the Candlestick pattern is at 96000.