5.14 Early Morning Bitcoin Market Overview
CPI data positively influenced the market, causing Bitcoin to briefly rise to 103,900 before pulling back, then quickly rebounding to 104,300. The long position strategy for the evening proved successful, with the preset long position around 103,000 gradually revealing a target of 105,500. The four-hour chart shows three consecutive bullish candles, indicating a clear bullish trend, and it is expected that the gains will be digested in the early morning. A significant rise may occur between 3-4 AM, stabilizing above the 104,000 level, with a new high of 106,500 anticipated.
Those who have not yet entered the market can wait for a pullback to enter long positions.
Early Morning Strategy:
Bitcoin: Long positions in the 103,000-103,500 range, target 106,500
Ethereum: Long positions in the 2,540-2,580 range, target 2,650
