5.12 Morning Thoughts
With the weekend's two days of fluctuating adjustments coming to an end, Bitcoin also saw a surge this morning accompanied by news, breaking through previous highs, followed by a quick pullback that caught many off guard. Currently, the 4-hour K-line shows a typical pattern of alternating bullish and bearish trends, and the Bollinger Bands indicator has started to transition from an expanding state to a parallel convergence, with the distance between the upper and lower bands noticeably narrowing, indicating that market volatility is gradually decreasing. The price remains above the middle band of the Bollinger Bands, suggesting that the bulls are still strong. Therefore, our strategy is to go with the trend and buy on dips!
Bitcoin: Buy around 103200-103500, target 105000-105500
Ethereum: Buy around 2460-2480, target around 2560
