Evening Analysis of Bitcoin Market on 5.8

Afraid of heights? Is 110,000 too high? Anyway, Xing has been climbing since the beginning of April, with a few short positions taken in between. Let's start from the larger cycle; the weekly MACD is about to return above the 0 axis for the first time in three months, and the daily volume has not yet been fully released. Although the hourly RSI has entered the overbought zone and has a certain demand for a pullback, we need to focus on the bigger direction, to eat the watermelon, not to pick sesame seeds! (The scalpers who have been trapped are feeling the pressure) The larger upward trend has been confirmed, so let's not waste words and dive straight into the topic.

Specific Suggestions:

Bitcoin pullback near 98,500-98,000, target 99,800-100,800, 101,500.

Ethereum pullback near 1,915-1,885, target 1,985-2,065.