5.3 Saturday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Today's market shows a typical pattern of oscillating upwards. Bitcoin started to rebound from the low of 96122 in the morning session, strongly breaking through to 97262 before a technical pullback. The price retraced to 96283, gaining support from buyers, and the bulls made a second effort, pushing the price to create a daily high of 97865. Ethereum mirrored this by experiencing a rebound after falling to the support area around 1813 from 1850. The main buyers quickly entered the market, with the price reaching a maximum of 1871 resistance level. Xiao Ge continued his bullish outlook, predicting that the market trajectory closely aligned with actual market movements. Xiao Ge placed a long position at 96350 and exited at 97550, ultimately achieving a swing of 1200 points.

From the chart observation, the candlestick chart clearly outlines a classic rising channel where the lows are continuously elevated, and the highs are consistently broken. This staircase-like upward pattern often indicates the sustained intervention of major funds and a strong continuation of the trend. From the 4-hour perspective, the buying momentum is exceptionally strong, with each pullback accompanied by robust capital support. The MACD double lines operate steadily above the zero axis, and the EMA moving average system displays a perfect bullish arrangement. Bitcoin: Buy around 96800, short-term target 98000

Ethereum: Buy around 1830, short-term target 1900