5.6 Bitcoin and Ethereum Trend Analysis and Trading Suggestions at Dawn!

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3 hours ago

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily chart has once again closed with consecutive bearish candles around 94,000. The Bollinger Bands are starting to narrow upwards, the MACD moving averages are beginning to trend downwards, bearish volume is starting to show, and the KDJ line is also starting to trend downwards. On the 4-hour chart, the Bollinger Bands are starting to open downwards, the MACD moving averages continue to trend downwards, bearish volume continues to increase, and the KDJ line is trending downwards;

For Ethereum, the daily chart has also closed with consecutive bearish candles around 1,800. The Bollinger Bands are starting to narrow upwards, the MACD moving averages are beginning to flatten and trend upwards, bullish volume continues to decrease, and the KDJ line is starting to trend downwards. On the 4-hour chart, the Bollinger Bands are starting to open downwards, the MACD moving averages continue to trend downwards, bearish volume continues to increase, and the KDJ line is starting to flatten downwards;

Currently, the market is still in a phase of encountering resistance after a rise, and a significant correction is expected in the future. It is recommended to short at high positions!

Trading Advice: Short at high positions!

Short Bitcoin at 94,300-94,800, target 93,000-92,000, stop loss at 96,000;

Short Ethereum at 1,810-1,830, target 1,750-1,700, stop loss at 1,860;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

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