5.2 Cryptocurrency Morning Market Analysis, Will the Bullish Trend Turn Back?
When extreme market conditions arise, the best action is often no action—sitting quietly and observing the market's emotional outburst is more philosophically wise than any clever trading.
At the moment of tomorrow morning, the screen surged to around 97350; this round of bullish breakout exceeded expectations, followed by a pullback, with the lowest price hitting around 96100.
The bullish momentum in this wave was too strong, so a pullback was inevitable. Currently, the price is around 96700.
From the hourly technical indicators looking at Bitcoin's trend, the current price is close to the upper Bollinger Band, and the middle Bollinger Band is on an upward trend, providing strong support for the price, indicating strong bullish strength.
In summary, the hourly trend for Bitcoin shows significant bullish signals, and there is hope for a continuation of the upward trend in the short term.
Trading Suggestions: Short Bitcoin around 980
Short Ethereum around 1870
