Hello everyone, I am Gu Yue. Since May, the market has undergone earth-shattering changes again. The price of Bitcoin has returned to above $100,000, and Ethereum has gradually caught up, rising from around $1,300 in April to over $2,600, doubling in value. It has gone through two phases of fluctuation, each lasting about ten days. Since May 8th, the daily chart has shown a three-day bullish trend, charging ahead. Most analysts believe there will be a pullback during the rally, but the market did not provide any opportunities. Most short positions have resulted in significant losses, and I am no exception. In terms of the current trend, the bullish momentum remains strong and is expected to rise further. In May, we will see Ethereum starting with 3 and Bitcoin starting with 11; it’s just a matter of time. What’s most important for us now is how to choose our entry points.

Technical Analysis

From the daily chart, we have already seen three consecutive bullish candles. The MACD red energy bar is gradually increasing, and the moving averages have broken through the middle band of the Bollinger Bands and are continuously diverging upwards, indicating a gradual strengthening of bullish momentum. Currently, there are no signs of a decline; any decline is just a minor correction waiting for technical indicators to catch up with the trend. From the hourly chart, the current K-line is operating at the upper band of the Bollinger Bands, and if it faces resistance above, the market will likely experience a slight pullback. For Bitcoin, pay attention to the support at $103,500, and for Ethereum, watch the support at $2,480. On the short-term level, you can first take a short position and then enter long near the support.

Trading Suggestions

Go long on Bitcoin in the range of $103,500-$103,800 with a target of $105,000.

Go long on Ethereum in the range of $2,480-$2,500 with a target of $2,650.

There are many types of investments, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting world economic news, analyzing global investment trends, providing daily market analysis, and offering you the latest trading strategy ideas and professional investment consulting services to help you reach the pinnacle of financial management.

This article represents personal views only and is for reference only, not to be used as a basis for actual operations. #比特币