5.14 Wednesday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
Every market fluctuation is an opportunity for wealth redistribution, as demonstrated by Bitcoin and Ethereum's strong counterattack. Investors who adhere to trends and make precise layouts will ultimately reap the rewards of time. In response to the CPI data's restrained reaction, it confirms the accumulation of the market's inherent momentum — true market movements often cultivate explosive power in calmness; this moment is the golden window for following the trend! Today, Bitcoin started a technical correction from 103080, reaching a low of 101400 before experiencing a strong bullish counterattack, peaking at 104365. Ethereum faced pressure at the 2499 level in the morning, rebounding to 2414 before ultimately rising to the 2600 level driven by buying pressure. Although the CPI data released in the evening showed a favorable trend, the market reaction was surprisingly restrained, causing minimal fluctuations. Today's outlook remains bullish as expected, with four trades based on the trend layout.
Bitcoin First Trade Strategy: Capture a long position at 101800, eventually closing in the resistance area of 103400, securing a profit of 1600 points. Bitcoin Second Trade: When the price pulls back to 103000, re-enter and complete the stop near 104200, gaining 1200 points. Ethereum First Trade Layout: Establish a long position at 2432, profit-taking at 2481, securing 49 points. Ethereum Second Trade: Re-establish a long position at 2499, exit at 2583, securing 84 points.
From a 4-hour perspective, the price received strong support after touching the lower Bollinger Band, followed by a bullish counterattack. The candlestick pattern shows a clear bearish hammer reversal signal, indicating that market bullish sentiment is gradually warming up. The price has successfully broken through the middle track resistance, and the MACD indicator continues to diverge upward after forming a golden cross above the zero axis, with rebound momentum still accumulating. Observing from a 1-hour perspective, the price has shown a series of consecutive upward movements, during which the Bollinger Band has expanded, and the KDJ indicator's three lines strongly crossed upward after recovering from the oversold area, continuing to rise in the early morning.
Bitcoin: Long positions can be considered near 103500, with a short-term target of 105000.
Ethereum: Long positions can be considered near 2580, with a short-term target of 2650.