5.9 Friday Early Morning Bitcoin Ethereum Market Analysis and Trading Suggestions

Reviewing the intraday market, it presents a typical bullish dominant pattern. Bitcoin started at 96831 in the early morning and after attempting to breach 99863, it experienced a technical pullback. However, strong support was shown around 99050, and the subsequent strong rally confirmed the persistence of bullish market sentiment, reaching a high of 101493. Ethereum's trend started from the intraday low of 1807, continuously exploring upwards, with a peak touching the high of 2075. Throughout the day, Xiao Ge maintained a bullish outlook, and the market moved as anticipated, with a total of 6 positions taken during the day. Bitcoin had 4 positions with a total gain of 6500 points, while Ethereum had 2 positions with a total gain of 218 points.

From the 4-hour candlestick chart perspective, the market's bullish force has formed an overwhelming momentum, with 6 consecutive bullish candles. It not only successfully broke through the important barrier of 100,000 but also continued to expand upwards after the breakout, showing strong bullish momentum. The MACD indicator continues to diverge above the zero axis, with the fast and slow lines extending at a 45-degree angle upwards. The RSI indicator remains above 70 in the overbought zone without showing significant signs of turning, confirming the strong characteristics of the current market. Observing from the 1-hour level, the market also maintains a bullish dominant pattern. Prices consistently operate above the middle band of the Bollinger Bands, and although there are pullbacks, each pullback finds effective support at previous highs, forming a standard bullish arrangement of higher highs and higher lows, continuing a bullish trend into the early morning.

Bitcoin: Buy around 100500-100800 Short-term target 102500

Ethereum: Buy around 2035 Short-term target 2110