5.9 Crypto Mr. Coin: Bitcoin (BTC) Market Analysis Reference

The price of Bitcoin continued its upward trend yesterday, breaking through the 100,000 mark in the evening, and once again testing up to the 101,680 position before pulling back under pressure. The short-term price correction strength is not strong, and the current price is around the 101,000 position. The short-term trend is in slight consolidation, but the gap above has been opened, and the upward attacking posture remains unchanged. The current price is slowly testing upwards, and there is hope for another test of the 102,000 line in the future.

From the daily chart perspective, the Bollinger Bands show an upward opening, and the daily K-line has multiple consecutive positive days. Currently, the coin price is at a new high in three months. Although there is heavy selling pressure above, the upward channel is relatively good, and the larger direction is still a correction view. If the market undergoes a time adjustment and the price stabilizes at the 100,000 mark, Mr. Coin believes there is still room for further upward movement.

From the short-term hourly chart, the market has repaired and broken through the upper Bollinger Band line, with bullish sentiment recovering. All moving averages have upward trends, and the upper gap has been slightly opened. The short-term situation has improved, but there is an opportunity for a pullback, though the intensity is not strong. Overall, it is recommended to go long after a pullback and to lightly short at high positions.

5.9 Bitcoin Short-term Reference:

Light short position 102,500-103,500, with a stop loss at 104,500. Target: below 102,000.

Long position 100,000-100,500, with a stop loss of 500, defense at 98,500. Target: above 101,500.

5.9 Ethereum Short-term Reference:

Short position: 2,090-2,145, with a stop loss at 2,270. Target: below 2,000.

Long position: 1,940-1,980, with a stop loss of 30 points. Target: above 2,030.

Article transmission is delayed, and strategy suggestions are for reference only. The market changes rapidly; regardless of how accurate your market judgment may be, be sure to manage your take profit and stop loss properly. Safeguard the profits.