5.15 Ethereum daily strong bullish breakout, target looking at 2800? Bitcoin market迎来回调, will it continue to rise?
The recent market trend shows an overall upward trend, but a pullback is currently occurring. The candlestick is oscillating near MA7 and MA30 after the previous rise, with a small body, indicating a relatively balanced power between bulls and bears. In the 4-hour cycle, the short-term moving average MA7 is slightly above MA30, suggesting that the market may maintain an upward trend in the short term. However, the market has entered a high-level consolidation phase, and there may be resistance testing above.
Bitcoin received dual bottom support at 101500 yesterday, and the price directly started to rebound, breaking through the small pressure zone of 103000. As long as the daily level does not close below this position today, it is highly likely to touch the position of 106000. When reaching this position, do not blindly chase the rise; patiently wait for the subsequent market to show a pullback before entering. Ethereum has broken through the dual top resistance of the central point 2600, performing very strongly in the short term. As long as it does not fall below the position of 2500 during the pullback, it is highly likely to touch the strong resistance zone of 2800-2850 in the future. Friends who are not satisfied with the recent market operations can consult btc0796 to communicate about the market together.
Operation suggestions:
Buy Bitcoin on a pullback to 102500, target looking at 104500-106500
Buy Ethereum on a pullback to 2550-2530, target 2650-2800