5.7 Wednesday midday BTC analysis


From the current market observation, the bullish momentum shows signs of weakening, with a clear upper shadow formation in the 4-hour candlestick chart. It is worth noting that there is strong resistance at the 98000 integer level, which resonates technically with the price trend during the holiday. It is recommended to adopt a short-selling strategy on rallies for intraday trading.
Place a short position in the BTC 969-972 range, looking down to the 954 range.
Use the range of 1840-1860 for Ethereum to look down at the 1720 range.
BTC-4,15%
ETH-3,84%
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