5.14 Market Analysis
Ethereum has surged to a new high, while Bitcoin is still oscillating within a range.
Thoughts: Remain bullish, do not short for now.
Bullish, but do not chase directly, only buy on dips, it depends on whether you have the patience to wait.
BTC: If the four-hour close does not stand above 104700, it indicates that the oscillation will continue. There is still an opportunity for long positions below 100k (no shorting). If the four-hour close stands above, the structure will change, and a redefinition is needed.
ETH: Currently, the four-hour lifeline support is at 2450. If Bitcoin can reach 99600, the corresponding position for Ethereum is approximately around 2477. Therefore, the strong support range for Ethereum is currently between 2450 and 2480 (new highs in the future need to be calculated separately).
