Analysis of Bitcoin Market on May 9th Early Morning

As mentioned earlier, the Bitcoin price is expected to break the 100,000 mark due to the impact of tariffs, showing a strong bullish pattern. Indeed, at 8 PM, it made a significant push to break through the 100,000 threshold, currently reaching a high of 101,600, with a possibility of further upward movement in the short term. The Bollinger Bands on the four-hour chart are extremely open upwards, with the price having continuously achieved six consecutive upward days, and there are no signs of weakness in the bullish trend.

From a daily perspective, the moving averages are in a bullish arrangement, and the price has successfully broken through its resistance. The trading volume has consistently increased without any signs of contraction, indicating a clear upward trend. Moving forward, we should follow the trend and buy at lower levels. Daily strategy analysis may be limited, as the market can be volatile, so real-time conditions should take precedence.

Bitcoin: Around 100,000-100,500; Target 101,500-103,000 Ethereum: Buy around 2,000; Target 2,100