5.11 Sunday Early Morning Bitcoin and Ethereum Trading Ideas and Strategy Analysis

In the cryptocurrency space, stable profits require finding methods; anyone can place trades, and even placing trades with closed eyes has a 50% win rate. If your account is currently in loss, your thinking and trading methods must have shortcomings. If this situation occurs, please do not persist, and do not operate according to previous thinking. Because when thinking and understanding go wrong, continuing will only lead to more losses. Reviewing the intraday market on Saturday, it was again a moment of bullish celebration, with Bitcoin and Ethereum not providing much of a pullback before forming a one-sided surge again, repeatedly breaking levels and moving higher. Intraday, Bitcoin reached a peak of 104085, while Ethereum surged to a high of 2512. Today, Lao Chen provided a full bullish idea, with targets mostly achieved. Around noon, Bitcoin's long position near 102900 and Ethereum at 2320 were all accurately closed for profit, with Bitcoin taking profit at 104000, capturing a space of 1100 points, and Ethereum taking profit near 2400, capturing a space of 80 points.

From an overall market perspective, the four-hour level shows strong consecutive positive candles with increasing volume, and after continuous volume expansion, the technical structure may enter a high-level pause for consolidation correction in the short term. It is temporarily not recommended to chase long positions at high levels at midnight, as the price reaches the upper track and faces some pressure. Indicators have deviated too much, and the oversold sentiment is high, making it likely to pull back below the highs. The size of the pullback will determine our subsequent entry points for long positions. Strong corrections will replace declines, while weak corrections will correspond to pullbacks within a space. Pay attention to the formation and movement to determine the strength and weakness of the corrections. Instantaneous bullish momentum without a pullback is not advisable to chase. Lao Chen suggests watching for the pullback size before following long positions at midnight and early morning; the downward adjustment is only for a better upward movement. The bullish outlook remains promising for the future.

Trading Suggestions

At midnight, Bitcoin can be shorted at 103500-103700, with a target of focusing on 101500.

Ethereum can be shorted at 2500-2520, with a target of focusing on 2400.