Attention‼️ As for the current market trend, Bitcoin, Ethereum, etc. can all be shorted for a short-term pullback. Those without orders can look for opportunities to place a short order!

Hello everyone, today is May 5th, the day of Lixia, marking the arrival of early summer. I wish everyone a carefree and refreshing summer this year 🥂. Without further ado, today we will analyze the market trends of Bitcoin and Ethereum.
First of all, the current Bitcoin market has broken through from 85000 to reach this position without a reasonable upward pullback. Previously, due to the impact of Trump's tariffs, it had been in a sideways adjustment for a long time. When the bad news quietly landed and was digested, the momentum for an upward surge followed. The 90000 position for Bitcoin is the dividing line between bulls and bears, but there was no resistance when hitting this level. It has been a definite shorting market with continuous volume contraction pushing up, and only until it reached around 97900 did it start a weak oscillating adjustment. So far, the medium-term trend has shifted from a rebound to a reversal. However, the market is like a person; after eating too much, it needs to release. When the market rises too much, it will also fall. Most of the previous shorts have already been completely digested, and at this position, the daily K line has formed a strong top divergence. Friends who don't have positions can start considering short orders! The strong support for Bitcoin is at 93000 below, and there is a gap at 91800 that is likely to be retested. In terms of the decline space, Bitcoin can drop back to around 88500 at most. Shorting at this position is very cost-effective, and the trend will eventually be perfect; we just need to wait patiently!
The trend of Ethereum is similar to that of Bitcoin, but in the recent small timeframe, Ethereum's performance has been somewhat strong, possibly related to the news of Ethereum's upgrade. However, news can only be a catalyst for the market, so just pay attention to the price action. When the trend arrives, any news can only be an auxiliary means. During this rebound, everyone can first establish a head position and enter short orders. Our analysis yesterday indicated a five-wave decline, but the market is quite sensitive, and fluctuations happen in an instant. Hold onto your short orders, and in the short term, Ethereum can be seen around 1710 on the daily chart! #五月行情预测