In the early hours, the market experienced significant fluctuations, with long positions in BTC making a strong push first, touching a high of 94817 before quickly retreating to a low of 93814. Subsequently, the bullish momentum gathered again, pushing the price upwards once more. During the morning session, BTC successfully broke through the important level of 95000, currently maintaining a consolidation around this price level. The movement of Ethereum is highly synchronized with Bitcoin, leading to intense clashes between bulls and bears. During the morning session, the price of Ethereum surged to the 1832 level but faced resistance from above, resulting in a slight pullback and entering a phase of consolidation.

From the market performance in the early morning, BTC has not yet effectively stabilized above the key resistance level of 95500. In the short term, it is difficult for long positions to form a sustained upward trend, and it is expected that a period of consolidation and accumulation will be needed before new bullish forces can be released. Analyzing the four-hour candlestick chart, although there was some performance from long positions in the early morning, the previous losses have not been fully recovered. As the bearish momentum gradually weakens, the downward pressure on the price has noticeably eased. At the same time, the entry of long funds has to some extent restrained the price from falling along the lower track of the Bollinger Bands, but currently, the price is still under pressure from the middle band of the Bollinger Bands, and how to break through the middle band has become the key for further upward movement of long positions. Given the current market situation, it is expected that the market will be characterized by oscillation and consolidation rather than a continuous one-sided rise after entering the Asian trading session. For the high level of 95000, it is recommended to try light positions for short-term bearish operations.

BTC can be shorted around 95000, targeting near 93500; Ether can be shorted in the range of 1830-1845, targeting near 1780.
#五月行情预测#