5.2 Friday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

After a rapid surge, the cryptocurrency market entered a phase of technical correction. Bitcoin's price, having broken through key resistance levels, initially boosted market sentiment but then faced selling pressure from short-term profit-taking, resulting in a slight price pullback.

From the four-hour K-line pattern observation, the current market shows a typical bullish breakout pattern. The EMA trend indicator system indicates that the price has effectively broken through key moving average resistance, with the EMA15 moving average forming a solid dynamic support platform at the 95,200 position. Notably, the MACD indicator shows a positive trend with both volume and price increasing; the DIF line and DEA line have not only formed a golden cross but also exhibit a continuously expanding bullish characteristic. The Bollinger Bands indicate a technical correction after a brief breakout above the upper band at 96,400, aligning with mean-reversion characteristics. It is advisable to pay close attention to the defensive strength of the mid-band support area at 95,000.

Bitcoin: Buy around 96,000 with a short-term target of 98,000

Ethereum: Buy around 1,820 with a short-term target of 1,900