5.14 Wednesday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

The early morning session continues to show a strong bullish pattern, with Bitcoin persistently pushing upward, reaching a peak of around 104949 before starting a technical correction. Ethereum also follows the market trend closely, with prices surging to around 2738 driven by continuous buying interest. However, it is constrained by upper pressure zones, and the midnight target level was perfectly hit again by Xiao.

From a technical analysis perspective, the 4-hour candlestick chart shows that the price has successfully recovered above the middle band of the Bollinger Bands, indicating signs of bullish momentum. However, the current trading volume has not shown significant expansion, and there is still pressure from the previous dense trading area above. In the short term, the market will maintain a volatile consolidation pattern, with prices possibly testing repeatedly between the middle and upper bands of the Bollinger Bands.

Bitcoin: Buy near 103500, short-term target 105500

Ethereum: Buy near 2660, short-term target 2750