5.10 Initial Thoughts Analysis in the Early Morning
The morning market shows a narrow fluctuation pattern, with the price of Bitcoin repeatedly consolidating in the range of 102360 to 103300, forming a clear tug-of-war situation. This phase of horizontal consolidation exhibits typical box fluctuation characteristics. Although Ethereum experienced a slight surge in the morning period, it subsequently entered a technical correction phase and is currently in a critical accumulation and consolidation period.
At present, the market trend is clear, making it easy to navigate. If one cannot stabilize their grip on such an easily manageable market, it's time to reflect on the current methods and thoughts being employed, and make changes early to seize this great bull market. Currently, there aren't too many technical institutions in the market; any pullbacks offer us opportunities to buy more. Don't guess the top, and don't blindly short.
Bitcoin can be bought in the range of 102000-102500, with a target near 104500;
Ethereum can be bought in the range of 2300-2330, with a target near 2400.