Pionex: Bitcoin 5.7 Latest Market Analysis

Article Published on 2025.5.7—00:30

The current price of Bitcoin is 94,500. Pionex's strategy continues, and bullish friends should hold on. Currently, the market K-line is fluctuating around 95,000, forming a relatively obvious oscillation range. There is some uncertainty and repeated testing of support and resistance levels within the 4-hour cycle. The technical indicator MACD may experience a rebound or trend reversal in the short term, while the EMA short-term moving average is suppressing the price upward. However, it remains above the long-term moving average, indicating that the medium to long-term trend still leans towards an upward direction. This is why Pionex has consistently advocated for low-position long positions under unchanged trends.

Today's Pionex Point Forecast

• Long Entry: 93,500, add long at 92,500, stop at 500 points, target 95,500
• Short Entry: 96,000, add short at 97,000, stop at 500 points, target 94,000

Ethereum Analysis

The current price of Ethereum is 1,765. Yesterday, it entered at 1,780, with a peak at 1,830. Now Ethereum is testing the bottom again, showing low-level consolidation. Pionex did not choose to enter at 1,780 or 1,750 this time because there is still a trend for further bottom testing. Currently, the market K is still oscillating at a high level, forming multiple small bearish and bullish candles, indicating market uncertainty. In the 4-hour cycle, there has been a downward wave from around 1,806 to about 1,766, confirming Pionex's judgment that there is some selling pressure in the short term. The technical indicator MACD still shows a dominant bearish trend, and the EMA moving average is showing a downward trend, indicating short-term weakness. Although Pionex does not dare to short, it will not bottom-fish at this time but will wait for new trend confirmation before entering.

Today's Latest Point Reference

• Long Entry: 1,720, add at 1,700, stop at 30 points, target 1,820
• Short Entry: 1,800, add at 1,830, stop at 30 points, target 1,730

The above analysis by Pionex is based on market data and trend analysis and does not constitute investment advice. For reference only. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has experienced 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 unpredictable 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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