5.9 Friday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

For those friends who were still hesitating about whether to follow the trade in the early hours, watching the market surge through 104000 like a spark with lightning, doesn't it feel as sour as swallowing ten pounds of lemons? Now, looking at Bitcoin steadily standing at the 103000 central point, with the K-line leisurely strolling along the upper track of the Bollinger Bands, one might be afraid of staring at the trading software until a hole appears—after all, the system's automatic stop-loss alert pop-up is more thrilling than any horror movie. After the morning's accumulation and consolidation, an upward wave came in the afternoon, with Bitcoin starting the rally from the 102327 level, showing a step-like increase in volume, peaking at the 104373 high point. A technical correction occurred after profit-taking in the 104300-104500 range, currently maintaining at the 103000 central position to undergo consolidation, while Ethereum has shown a strong rebound in its market. After starting from the 2196 level, buying pressure continued to flow in, forming a one-sided upward surge, peaking at the 2490 level, perfectly validating the foresight of Xiao Ge's morning and afternoon analysis. In terms of practical trading, Xiao Ge accurately grasped the trend rhythm:

Bitcoin Trading: Enter long at 102800, decisively exit at the 104000 resistance level, gaining a profit of 1200

Ethereum Positioning: Enter long at 2203, take profit at 2452, capturing a profit space of 249 in a single trade

In the 4-hour chart, the price has broken through the middle track of the Bollinger Bands with strong momentum, showing an accelerating upward trend, currently approaching the key resistance level at the upper track 104500. This trend indicates that the mid-term trend is accelerating, with bullish forces dominating. Switching to the 1-hour level, the price is currently stabilizing between the middle track and upper track of the Bollinger Bands, with the Bollinger Band channel showing a moderate expansion trend, indicating that the short-term market is still in a bullish pattern. The upper track position at 104100 constitutes an important short-term resistance level, and the breakthrough situation of this position needs to be closely monitored, while the middle track position at 102600 is a key support level. The KDJ indicator shows signs of forming a golden cross at a low level, but it has not yet fully formed, suggesting that the short-term market may enter a phase of consolidation adjustment.

Bitcoin: Long near 102600, short-term target 104500

Ethereum: Long near 2330, short-term target 2480