5.9 Friday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the early morning, the price strongly started from 101494, with continued influx of bullish funds driving the rise, ultimately reaching the high point of 104305, while Ethereum continued its upward momentum, peaking at around 2227.

The market maintains a strong upward trend, with daily candlesticks closing bullish for four consecutive days, forming a robust bullish arrangement. At midnight, it broke through the upper Bollinger Band resistance, showing strong buying momentum. From the 4-hour level, the Bollinger Bands exhibit a clear upward divergence pattern, the MACD indicator has crossed golden and continues to expand, while the KDJ indicator remains in a high-level stagnation state, and the moving average system displays a perfect bullish arrangement. Current market sentiment is relatively optimistic, and short-term technical indicators show signs of overbought conditions, but under the strong pattern, the possibility of continued inertia surge cannot be ruled out.

Bitcoin: Buy around 102500 with a short-term target of 104500

Ethereum: Buy around 2180 with a short-term target of 2260