5.12 Monday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Bitcoin experienced a strong surge to a high of 104800 during the early morning hours but faced resistance and fell back, currently dipping to a support area of 103502. Ethereum has shown even stronger upward momentum, reaching a peak of 2527 during the day. The market prediction released by Xiao Ge late at night was accurate, and the suggested layout strategy has brought considerable profit potential.

From a technical analysis perspective, the current 4-hour level candlestick chart displays a typical alternating pattern of bullish and bearish fluctuations. The Bollinger Bands have begun transitioning from a previous state of expansion to a parallel convergence, with the distance between the upper and lower bands significantly narrowing, indicating that market volatility is gradually decreasing, while prices consistently remain above the middle band of the Bollinger Bands. The market is currently in a consolidation phase. Observing from the perspective of trading volume, recent trading volume has shown a gentle increase, especially as price retracements consistently attract buying interest, which lays a solid foundation for a potential breakout in the future, indicating a continued upward trend this morning.

Bitcoin: Buy around 103500, short-term target 105500

Ethereum: Buy around 2480, short-term target 2580