🗒 Gate.io Suggested Topics Posting Event: #Ethereum Pectra Upgrade#
✍️ Please include the topic #Ethereum Pectra Upgrade# in your post
💰 5 quality posters * each receive $10 Points
The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
⚠️ Notes: Plagiarism is prohibited; original content is encouraged.
Market Analysis Today
BTC
Good afternoon, brothers. The market is really fluctuating up and down by a thousand points right now. If it weren't for trading at high and low positions, it would be hard to make any profit. Last night, Bitcoin made a second push towards the 95000 resistance. I had advised you all to pay attention to short positions near this resistance, and it yielded almost a thousand points in profit. Today, the daily trend is still a pullback, and the daily rebound resistance remains at 95000. Currently, there aren't many entry points in the small-scale oscillation. You can continue to watch the range of 92700-91700 for small long positions. If it breaks below 91700, exit manually. As for short positions, I still suggest trying in the range of 95500-96000, with a stop loss at 96300. If today’s second dip cannot break 93400, the market may experience a four-hour level rebound, and the rebound strength could be relatively large, possibly breaking the 95000 resistance. Therefore, trying shorts at 95500-96000 is relatively safer.
ETH
Last night, the concubine just happened to reach a high of 1830, and the pressure started to fall back. Currently, it is still a small-scale oscillation with a weak bullish bias. It is recommended to try long positions in the range of 1750-1730, with proper stop losses. For short positions, it's safer to wait in the range of 1830-1850.
SOL
SOL surged again at night, reaching the daily resistance of 148. For the market to turn bullish, we must wait for a daily breakout above 148; only then can we consider the correction complete. As long as it hasn't stabilized above 148, the market outlook is still a correction, with lower support targets at 140 and 135, and a stop-loss at 125.