5.21 Afternoon thoughts are determined by everyone. Since yesterday's pullback, I reminded everyone to maintain a bullish mindset and go with the trend. Yesterday, I also publicly indicated the current price of Bitcoin, which accurately reached the target. The thought in the early morning saw the high point of 107000 being reached as expected. Currently, the market structure has shown some fluctuations as the price ratio rises, serving as a correction after the upward surge. Ethereum, on the other hand, is relatively weak. After a deep pullback yesterday, it has been following the decline without rising, with the current high point around 2550. The reason for such a difference is due to the poor capital inflow in Ethereum and strong selling pressure, ultimately leading to this rhythm of following the decline without rising. If Bitcoin can maintain such net inflow, breaking the 110,000 mark again is not impossible.
From the daily structure, with the price ratio's pullback low support gradually rising, although it has not yet broken through the upper resistance in one go, it has shown the initial form of a breakout. Recently, the net inflow of ETFs also maintains a bullish signal, and the moving average structure remains in a bullish arrangement, indicating further opportunities for price exploration. Looking at the four-hour chart, the Bollinger Bands show an upward trend, with the price ratio's operating range elevated to near the upper band. The high point resistance is moving upward, and currently, there is a trend of certain pullback corrections. The mid-band support continues to rise, and the market consolidation is still for high-level horizontal corrections before a second upward push. In terms of operation, it is advisable to go with the trend and continue to be bullish.
Bitcoin can be bought at 105500-106000, looking at around 108500. Ethereum can be bought at 2500-2520, looking at around 2650.
