5.10 Market Analysis:
Under the current market structure, the bullish momentum for Bitcoin has weakened somewhat, but overall it still maintains a considerable resilience. The price continues to oscillate and consolidate in the upper range, alongside the previous adjustment trend, indicating that the upward momentum of the KDJ indicator has indeed shown signs of slowing down.
It is noteworthy that the 102000 level has established a solid defensive position; as long as this key support is not significantly breached, the bullish camp still maintains the initiative. However, it is important to remain vigilant, as once this important psychological level is lost, it is likely to fall into a continued downward trend.
From a short-term perspective, various technical indicators are showing a downward trend, and the market is experiencing significant selling pressure. This technical pattern leads to frequent intense fluctuations during trading, and investors must maintain agile judgment and execution when engaging in short-term trading.
As for specific operational strategies, it is recommended to set up long positions when Bitcoin pulls back to the 102500 area, targeting 103200; Ethereum can consider establishing long positions near the 2300 price level, with a short-term target set at around 2370.
The market is continually changing; we are closely monitoring the market to seize new entry opportunities. Like + comment, let’s navigate the bull market together and seize this major opportunity.
