5.1 Morning Analysis: No Breaks on the Downside, Bulls Steadily Sit Tight


Last night's market was in a grinding phase, with no significant wave movements, showing a downward fluctuation pattern with strong support below.
From the 4-hour chart, the market has been oscillating within the 75,400-76,300 range recently, with the current closing price at 76,400, already near the upper boundary of the oscillation zone.
The lowest dip in this round was to 75,500, with very limited downward momentum overall. The bearish momentum is basically exhausted, and even a brief pullback is just a small correction.
The impact of Powell-related market influence has completely faded, and Chichang still needs to stick to the rhythm.
Do not assume that the market is weakening just because it hasn't surged strongly in the short term. The market often undergoes repeated oscillations, multiple trap moves to shake out weak hands, before truly starting a bullish rally.
Trading Suggestions:
Buy near 75,800-76,000
First target 77,000-77,500
Second target 78,000-78,500
$BTC $ETH $DOGE #比特币现货交易量新低 #加密市场小幅下跌 #Strategy吸筹速度超挖矿两倍
BTC1.39%
ETH0.64%
DOGE-1.02%
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