May 9 Morning Bitcoin and Ethereum Trading Insights
Good morning, investment friends! Looking back at last night's market, Bitcoin's performance met expectations, continuing to rise, with the current price fluctuating around 102800.
From a technical analysis perspective, Bitcoin is currently showing a clear trend, exhibiting a strong upward movement in both the long and short term cycles. We need to timely adjust our strategies to align with the trend.
In the short term, the price has pulled back after reaching a high, but after breaking through key levels consecutively, there has been no significant decline, and the momentum remains strong. The likelihood of a major trend reversal is low, and in a strong market, the upward trend is highly likely to continue.
Today's morning session will focus on the extent of the price pullback, and opportunities to continue going long can be considered.
- Bitcoin: Long at 101500-102000, target at 104000
- Ethereum: Long at 2130-2160, target at 2250
