5.9 Early Morning Thoughts:
From the 4-hour candlestick chart, Bitcoin's bullish momentum in the early morning is fierce, breaking through the $100,000 round number with 6 consecutive bullish candles, and the trading volume has increased, confirming the dominance of the bulls. On the technical front, the MACD dual lines are diverging upward at a 45-degree angle above the zero axis, indicating continuous release of bullish momentum; the RSI indicator has been operating in the overbought zone (values above 70) for a while, but there is no clear sign of fatigue or reversal, suggesting that the current bullish sentiment has not yet exhausted. Combining the volume-price relationship and technical signals, it is expected that the short-term upward trend will continue. The operational suggestion is to focus on buying on dips, with the $100,000 level turning into a support level. Attention can be paid to the breakout situation in the $103,000-$105,000 range above, but one should be cautious of the high-level volatility risk in the overbought zone, and strictly set profit-taking and stop-loss levels.
Operational Suggestion:
Buy Bitcoin at 10w500-10w1000, targeting 10w3000.
Buy Ethereum around 2050, targeting 2100.