Analyst Liang Qiu: 5.14 BTC ETH Evening Market Analysis and Trading Suggestions

BTC and ETH have once again surged since last night, then consolidated at a high level during the morning session before experiencing a continuous decline. The overall fluctuation of BTC is not very large, while the fluctuation of ETH has significantly intensified, breaking the recent high and reaching 2738 before continuing to decline, currently around 2600. Since BTC broke through the recent high near 105800 a couple of days ago, it has not shown a significant breakthrough in the past two days. In the short term, it remains in a sideways and fluctuating state. From a technical perspective, the daily chart shows a clear upward trend; however, the daily MACD bullish volume is shrinking. Short-term support is around 101000, and the market has repeatedly tested highs without breaking through, indicating a certain need for a pullback.
ETH has shown strong performance recently, continuing its upward trend after finding support near the 200-day exponential moving average at 2430. However, it faces resistance around the 2700 level in the short term, while support has shifted upward, and the price will likely fluctuate between 2500 and 2700. On the four-hour chart, after a surge, the price is currently in a correction phase. Pay attention to the strength of the decline this evening; it has been fluctuating widely recently and is expected to continue its downward trend tonight, with a focus on the support at the 2500 level.
Evening operation suggestions BTC: Short at 10.4 to 10.45, target around 10.2; ETH: Short at 2620 to 2640, target around 2550.
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