5/9 Evening Trend Analysis and Trading Strategy

Brothers, these past two days have been great for those long positions, congratulations to those in the community who have followed the trades.

Buddha helps those with fate; making money together is the way, everything else is just advertising.

The long-term trend of Bitcoin on the weekly chart remains bullish, with an expected target for the year between 120,000 and 140,000. In the short term, starting from 74,000, we are in a five-wave upward trend. If we consider equal distance increases, the major structural resistance is around 105,000; if it follows an extended wave, the resistance would be at the high point of 109,000. In the short-term small structure, after being blocked at 105,000 and retreating, signs of stagnation are evident, and indicators have entered an overbought state, indicating a need for consolidation. Pay attention to the 100,000 level below; if the bottom of the high oscillation range remains above, it still shows strength, and we will continue to test the pressure at the high point of 105,000. If this breaks, we need to focus on the 97,500 - 98,000 bull-bear boundary, at which point it will shift to a daily adjustment level.

Ethereum's long-term trend also remains bullish, with a target set for the year between 4,000 and 6,000. In the short term, as expected, it has shown a corrective upward trend, currently facing resistance at 2,500 - 2,540, encountering strong selling pressure on the 4-hour level, and consolidation is expected here. Below, watch for support at 2,150 - 2,200; if this level holds, it indicates that the upward movement has not yet ended, and there will be further tests of the high resistance. Overall, in terms of the major structure, as long as it stays above the bull-bear boundary of 2,050, there will be no deep corrections.