5.7 Midday Bitcoin/Ethereum Market Analysis and Trading Recommendations

In the morning session, Bitcoin rose to the 968 level before retracing, currently hovering around 964, fluctuating at the middle track of the Bollinger Bands.

Due to the pressure from above, it is expected to maintain a fluctuating downward trend in the short term.

From a technical perspective, the market is in a correction phase after being overbought, with unclear bullish and bearish directions.

The candlestick pattern is narrowing, and the KDJ indicator is converging, indicating insufficient short-term momentum, requiring close attention to changes in indicators.

In terms of trading strategy, continue with the morning's approach, focusing on long positions at low levels, and be sure to set stop-loss orders to avoid holding onto losing positions.

Trading Recommendations:

- Bitcoin: Go long near 955-960 on a pullback, target 973-978;

- Ethereum: Go long near 1800-1810 on a pullback, target 1840-1870.