5.10 Initial Thoughts Analysis

The market was in a state of fluctuation and consolidation over the weekend, showing no significant 📈📉 movements, and its volatility was similar to the usual sideways movement. Although there was a brief 📈 surge in coin prices on Friday, the 📈 trend could not be sustained and fell back into fluctuation. However, from the current trend, despite the fluctuations, there is clear support below. Although the upward momentum has not been sustained for the moment, the overall pattern has not deteriorated and instead shows signs of building up.

It is evident that the upward momentum is just gathering strength, and the resistance above is not insurmountable. Therefore, we maintain a strong bullish attitude towards the future market and look forward to the 📈 trend brought by the upward momentum.

Morning Trading Strategy:

Bitcoin: In the range of 102800-103300, we suggest a long position, targeting a price of 104100.

Ethereum: In the range of 2330-2360, take a long position targeting 2450.