Cryptocurrency Circle Liying: Will the 5.1 Bitcoin shorts fight back or will the bulls crush them? Ethereum's 1730 support is effective and can be held; latest market analysis.

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10 hours ago

Pionex: Bitcoin 5.1 Latest Market Analysis

Article Published on 2025.5.1—01:00 AM

The current price of Bitcoin is 94,000, and the market has reached the entry point of 93,000 given by Pionex. Has everyone entered the market? There is already over 1,000 points of space. Congratulations to those who have followed along. Currently, the market K-line is fluctuating between 94,000 and 95,000, forming a consolidation pattern with heavy selling pressure above. The technical indicator MACD shows that the downward momentum is weakening, which may indicate a potential reversal. The EMA indicates an overall bullish market, but there is a need for short-term adjustments. Do not doubt the bullish trend; at least for now, the trend remains bullish, so the focus should be on long positions, and temporarily avoid shorting.

Today's Pionex Price Predictions

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

Ethereum Analysis

The current price of Ethereum is 1,755, with support at 1,730. The support is effective, so hold long positions. Currently, the market K-line is still fluctuating at a high level, forming several long upper shadow K-lines. Pionex judges that there is heavy selling pressure in the market, with multiple significant fluctuations occurring within 4 hours, indicating strong selling power in the short term. The technical indicator MACD still shows a dominant bearish trend, and both short-term and medium-term EMA lines face significant pressure, while long-term support remains. This means that as long as the support around 1,730 holds, bulls can continue to hold their positions without rushing to exit. The target remains unchanged, as long as risk control is well managed.

Today's Latest Price References

  • Long Entry: 1,750, add at 1,720, stop loss at 30 points, target 1,800
  • Short Entry: 1,840, add at 1,860, stop loss at 30 points, target 1,750

The above analysis by Pionex 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 to be borne by the reader.

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