Pionex: Bitcoin 5.5 Latest Market Analysis

Article Published on 2025.5.5—01:00

The current price of Bitcoin is 95,300. The entry point of 95,000 suggested by Pionex is approaching. Everyone can refer to this, as the current market K-line pattern is still oscillating at a high level, forming multiple K-lines with long upper shadows. Pionex has observed significant selling pressure in the market, with consecutive bearish candles appearing on the daily chart, indicating that the selling force is dominant in the short term. The technical indicator, the 4-hour MACD, is in a bearish trend. The daily MACD also shows a death cross, further confirming the weak market condition, with clear pressure from the short-term and medium-term EMA moving averages. The EMA120 is far from the current price, indicating that long-term support has not yet been reached. A short-term bearish trend does not imply a long-term bearish trend, so after reaching support, one can start entering the market, ensuring to set stop-losses to prevent changes in trend.

Today's Pionex Point Predictions

• Long Entry Point: 95,000, Add Long at 94,000, Stop Loss: 500 points, Target: 98,000
• Short Entry Point: 97,000, Add Short at 98,000, Stop Loss: 500 points, Target: 95,000

Ethereum Analysis

The current price of Ethereum is 1,830. Pionex reiterates that the pullback depth for Ethereum is insufficient, making it temporarily difficult to enter the market. Pionex has observed that the K-line pattern is oscillating around 1,830, forming a small fluctuation range. The daily chart shows consecutive small bearish candles, indicating some selling pressure in the short term. The technical indicator, the 4-hour MACD, shows weakening downward momentum, which may turn into sideways movement or a rebound. The EMA does not show a clear trend in the short term. The EMA120 is significantly below the current price, and the long-term trend remains bullish. Therefore, pursuing a short-term bearish trend is not suitable, and waiting for a bottoming out before going long is a wiser choice, allowing for larger trades with smaller positions.

Today's Latest Point References

• Long Entry Point: 1,800, Add Long at 1,780, Stop Loss: 30 points, Target: 1,870
• Short Entry Point: 1,860, Add Short at 1,890, Stop Loss: 30 points, Target: 1,800

The above analysis by Pionex is based on market data and trend analysis and does not constitute investment advice. It is for reference only. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to assist others with dreams in finding their place in this unpredictable market, starting their own journey to success.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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