5.7 Morning Market Analysis:

In the morning, the market experienced a significant surge, and the bullish momentum remains strong. However, it is important to remain cautious and not blindly chase after the upside; it is advisable to attempt short trades at high positions in order to capture a pullback.

From the daily chart analysis, the candlestick has shown small gains for several consecutive days, with strong support at the mid-line, and bearish momentum has not been sustained, indicating firm buying support below. The 4-hour level shows that the Bollinger Bands are gradually narrowing; if an effective breakout cannot be achieved in the short term, the market is likely to maintain a range-bound oscillation. In terms of operations, one needs to grasp the rhythm and avoid chasing highs and selling lows.

Trading Suggestions:

Bitcoin around 97500-98000, target below at around 94600-95100.

Ethereum around 1850-1880, target below at around 1770-1800.