5.6 Afternoon Jiangyu Heng Bitcoin Analysis Bitcoin retraced to the 80,600 level in the early session to complete a correction, then the bulls gained momentum and stabilized above 81,000. The daily chart continues its upward trend, with the Bollinger Bands' middle and upper bands in an intact upward channel. The one-hour chart shows sideways consolidation at high levels, with selling pressure exhausted, and the overall trend remains bullish. On the news front, the US-Iran conflict announced the "end of the offensive," and Trump paused the Strait of Hormuz "Freedom Plan," leading to a phased easing of geopolitical risks, providing short-term support for risk assets. Ethereum's correlation remains weak, still oscillating below 2,370, with attention needed on the 2,350 support level. Trading ideas: Bitcoin 80,500-81,000 buy low, target 82,000 Altcoin 2,350 nearby buy low, target 2,450

Ethereum Resistance level 2400, short-term minor resistance 2380 Support level 2335, short-term minor support 2340

#ETH$ETH Ethereum maintains a price range of $2,370–$2,380, showing daily gains of 0.8% and weekly increases exceeding 3% Smaller holders have distributed approximately 1.5 million ETH during the previous two-week period Large wallet addresses added 230K ETH to their holdings in the past seven days, offsetting retail distribution April witnessed exchange withdrawals dropping to the lowest level in eight months, indicating investor caution Critical resistance levels await at $2,388–$2,400, while the 200 SMA stands at $2,680