Pionex Analysis: Bitcoin 5.4 Latest Market Analysis

Article Published on 2025.5.4—01:00

The current price of Bitcoin is 96,150. Has everyone boarded the train as the main theme of going long has arrived? Let's take a look at the current market candlestick chart, which is fluctuating within the range of 96,000 to 97,000, forming a narrow consolidation pattern. There is some selling pressure and buying power at the daily level. The technical indicator MACD on the 4-hour chart shows signs of a death cross, suggesting potential short-term pullback pressure. The EMA indicates a weak short-term trend, while the medium to long-term trend remains upward. Therefore, the strategy is simple: as long as the key support is not broken, it is effective to continue going long, and temporarily not to short.

Today's Pionex Price Prediction

• Long Entry: 95,000, add long at 94,000, stop loss at 500 points, target 98,000
• Short Entry: 97,000, add short at 98,000, stop loss at 500 points, target 95,000

Ethereum Analysis

The current price of Ethereum is 1,830. The pullback depth of Ethereum is insufficient, so there is no rush to enter the market. Currently, the market candlestick chart is fluctuating within the range of 1,820 to 1,840, forming a narrow consolidation pattern. Pionex has noticed significant selling pressure near the previous high of 1,873, where the price failed to break through that area. The technical indicator MACD shows weakening bullish strength, and the EMA indicates an unclear short-term trend; however, the long-term trend remains good. Until the trend changes to bearish, the main strategy will not change, which is to focus on buying low, unless it stretches to key resistance levels, and no shorts will be considered before that.

Today's Latest Price Reference

• Long Entry: 1,800, add at 1,780, stop loss at 30 points, target 1,870
• Short Entry: 1,860, add short at 1,890, stop loss at 30 points, target 1,800

The above analysis 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 help others with dreams find their place in this ever-changing market and embark on their own successful journey.

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

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