Analyst Liang Qiu: 5.9 Bitcoin/Ethereum Early Morning Market Analysis

Since early last night, the Bitcoin/Ethereum market has been on a strong upward trend. We have repeatedly emphasized in our previous articles that the overall trend remains bullish, although there will be short-term pullbacks. While engaging in long positions, it's crucial to set stop-loss orders. However, the market has been on a steady rise with relatively small pullback strength. As of now, Bitcoin has once again broken through the 100,000 threshold, reaching around 101,500, while Ethereum has also surpassed the 2,000 mark, approaching 2,075. The overall trend is very strong, with an increase of 6,000 points for Bitcoin and 300 points for Ethereum since last night's low.

The short-term surge has been significant, and the market has begun to stabilize. This morning, the focus will be on whether the market can stabilize around the 99,000 mark by 8 AM. If stabilization occurs, there will be potential for further upward movement after gaining momentum. The short-term resistance levels to watch are 102,000 and around 2,100.

For early morning operations, Liang Qiu suggests entering short positions for Bitcoin around 101,300 to 101,800, targeting near 99,500; for Ethereum, enter short positions around 2,060 to 2,080, targeting near 1,980, with stop-loss levels at 102,800 and 2,120.

Daily strategy analyses are limited, and the market is subject to change; real-time conditions should be prioritized. #BTC重返10万