Bitcoin and Ethereum Evening Trading Recommendations (May 4th)

2026-05-04 11:46:19
Shareshare
The market consolidated over the weekend, with Bitcoin breaking through the $80,000 mark today. Ethereum failed to break through $2,400; however, it did not continue its upward trend and, influenced by the Middle East situation, fell back to the $79,000 and $2,330 range for consolidation. The overall strategy for tonight remains bearish, with three key support levels to watch: $78,000: lower edge of the weekend consolidation range; $77,000-$76,800: 0.618 Fibonacci retracement level; $75,000: middle line of the daily upward channel. For Ethereum, simply follow Bitcoin's trend and short. Tonight's trading strategy: BTC: Short at the current price above $79,000, with a target of $76,000-$75,500. ETH: Short at the current price around $2,340, with a target of $2,230-$2,200. ⚠️Warm reminder: Investment involves risk. Please be cautious when entering the market. The above views are for reference only, and you bear your own risk! For contract guidance and cooperation, please check the homepage.👀
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