5.2 Friday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the afternoon, after a brief pullback to the 96283 line, Bitcoin rallied strongly, reaching a high of 96970. Meanwhile, Ethereum peaked at 1834. This wave of market movement perfectly confirmed the bullish viewpoint proposed by Xiao Ge in the afternoon analysis. With its keen market sense and rich trading experience, the market trend aligned with Xiao Ge's predictions, showcasing its precise market judgment once again.

From the 4-hour perspective, the middle band of the Bollinger Bands at 95350 provides dynamic support, while the upper band at 97300 creates short-term resistance. The K-line is running close to the upper band, breaking through 97300 may initiate an accelerated rise. The RSI indicator collectively stands above 60, indicating strong bullish momentum and has not reached overbought conditions, possessing upward potential. On the 1-hour level, the price is between the upper and middle bands of the Bollinger Bands, showing a slight bullish fluctuation. If there is a reduction in volume and a pullback to the middle band at 96500 holds, it is a potential entry point for bulls. The RSI is in a neutral to strong area with no divergence observed, and the trend is relatively healthy; the KDJ indicator shows J value rebounding from the bottom, and the K and D lines are about to form a golden cross, suggesting a potential rebound on the hourly level, still looking upward in the evening.

Bitcoin: Buy near 96300-96500 with a short-term target of 98000

Ethereum: Buy near 1820 with a short-term target of 1900