5.13 Tuesday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Bitcoin experienced a rollercoaster market today, rebounding from a low of 103502 in the morning, reaching a peak of around 105190 before facing a short-seller attack and beginning to pull back. In the afternoon, the market entered a consolidation phase, and spurred by favorable news, it launched another offensive, pushing the price to a high of around 105863. However, the price could not stabilize and quickly retreated, with the bulls struggling in the evening as the bears took the opportunity to push the price down to a low of around 102345. Ethereum showed a similar pattern of rising and falling, starting a rebound from 2484 in the morning, peaking at around 2624 before facing resistance and falling back. In the evening, the bears suddenly gained strength, causing the price to quickly drop to a low of around 2469. Throughout the day, Xiaoge set up five trades based on market trends: four for Bitcoin and one for Ethereum.

First Battle Success: During the Bitcoin rise and fall phase, a short position was established at 104900, and exited at 103700, capturing a gain of 1200 points.

Pursuing Victory: In the afternoon, the bulls gathered momentum, establishing a long position at 104100, and taking profit at 105100, capturing a gain of 1000 points.

Third Strike: After a pullback to 103650, a long position was re-entered, and exited at 104600, successfully locking in a gain of 950 points.

Evening Trend Reversal Signal: A short position was initiated at 104200, and exited at 102800, capturing a gain of 1400 points.

Ethereum Ambush: A long position was entered at 2463, and exited at 2553, securing a gain of 90 points.

From a daily technical analysis perspective, the current market still maintains a strong bullish pattern. Although there has been a certain degree of pullback today, this technical adjustment has not changed the overall upward trend. The K-line continues to run close to the upper Bollinger Band, with the Bollinger Band showing a parallel opening upward trend, and the upward momentum is still being released. Observing the 4-hour chart, the price quickly gained support and rebounded after touching the lower Bollinger Band, confirming the end of the short-term adjustment. This indicates that the market is buying on dips, and the bullish outlook remains unchanged.

Bitcoin: Buy around 102500 with a short-term target of 104500.

Ethereum: Buy around 2470 with a short-term target of 2580.