5.12BTC/ETH Market View:

Good morning, the midnight thought, Ethereum is soaring. If you held the long position at 2440 last night, you can continue to hold it. Reduce your position again at 2550, and you can exit at 2600. Congratulations to those on board. Don’t worry if you don’t have a long position; a pullback is just like picking someone up on the way back, manage your position well, and participate with a light position!

Bitcoin's weekly candlestick closed with a large bullish candle, marking 5 consecutive bullish weeks. The upper Bollinger Band is widening, and the upper space is gradually opening up. The daily candlestick closed with a medium bullish candle on Saturday, and the weekend closed with a bearish hammer. Currently, it has been pressured three times around the 105000 level. After a rebound this morning, it quickly pulled back, indicating that this pressure zone is quite strong. The market must break through this area to reach new highs, after all, the previous high is 110000. Therefore, repeatedly testing the pressure is normal, but the pullback strength is not strong, and the pullback is not deep, which results in a high-level sideways fluctuation, a typical accumulation phase. Cherish every pullback, strictly manage your position, and follow the trend. When it is time to go long, don’t be afraid of heights; just play it by ear.

For Bitcoin, the support below to watch is 103500 and 102500. Long positions should be set up around here. As long as it doesn’t break below 102000, it’s not a big deal, just a normal correction. The targets above are 104500, 105500, and 106500.

Ethereum has three consecutive bullish weeks, with the price standing above the middle Bollinger Band pressure. The daily candlestick has three large bullish candles that have forcefully pulled the price from 1800 to around 2600. The daily Bollinger Bands are wide open, and the price is currently running above the upper Bollinger Band, maintaining a bullish outlook with low positions during the day. Support below to watch is at 2460 and 2420. Long positions should be set up around here, and there’s no need to panic as long as it doesn’t break below 2400. The targets above are 2500, 2550, and 2600.

The market volatility is large and quick, so everyone must operate flexibly. The above is only my personal view and does not represent correctness; please refer to it cautiously! Do not get overly excited, and strictly avoid heavy positions! #ETH突破2500 $ETH