5.11 Weekend Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

Looking back at the afternoon market trends, the market staged a brilliant V-shaped reversal. As predicted accurately by Xiao Ge in the afternoon analysis, the market first made a technical pullback after the opening, with Bitcoin's price touching the line of 103283 and receiving strong buying support, ultimately strong enough to rise to a daily high of 104750. The trend of Ethereum, driven by Bitcoin's stabilization and rebound, first saw ETH pull back to 2452 to complete a technical correction before rebounding and surging, reaching a maximum of 2534.

From the analysis of the 4-hour technical chart, it can be seen that the middle track of the Bollinger Bands shows a steady upward trend, forming a clear upward channel. This continuously rising middle track indicates that the market is in a stable upward cycle. Observing the 1-hour chart, the market pattern also maintains a clear bullish characteristic. The price consistently remains above the middle track of the Bollinger Bands, demonstrating good upward momentum. Currently, the Bollinger Bands show a trumpet-shaped expansion pattern, with the space between the upper and lower tracks gradually widening. This upward opening technical pattern often signals that the market is about to enter an acceleration phase. Coupled with the gradually increasing trading volume, the market's buying momentum is steadily accumulating, and the evening's approach remains focused on a pullback buying strategy.

Bitcoin: Buy near 104200-103800 with a short-term target of 105500

Ethereum: Buy near 2500-2480 with a short-term target of 2600