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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!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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BTC-Direction: Mainly low long positions, supplemented by high short positions, real-time lead in copy trading price from the live channel as the standard.
Space: support for longs around 94900-95100, resistance for shorts around 98000-97500
Reason: The daily line has changed from support to around 94900, and after the low point rises, it becomes support. The large range box is fluctuating, moving up and down, after a high position there is a rebound. Today's key point is that the bulls face heavy pressure above, and there is a retracement and rebound on Saturday and Sunday.
Key point: Be sure to set a stop loss based on the shape (recent low or high), do not place an order without reason, do not place an order without a signal.
ETH - Direction: Mainly low long positions, with high short positions as a supplement, real-time lead in copy trading prices based on the live channel.
Space: Support for long positions around 1755-1800, resistance for short positions around 1870-1850.
Reason: The pressure near 1870 on the daily chart, support near 1700, moving back and forth in the large range, box oscillation, if it breaks below 1800, it will go down to 1755.
Key point: Be sure to set a stop loss based on the shape "recent low or high point". Do not place an order without reason, do not place an order without a signal.
Wish everyone a happy trading 5.4