5.22 Early Morning Thoughts:
The evening Bitcoin market surged again, reaching a peak of 109400, very close to the 110000 mark. Based on past experience, major levels like this are likely to be breached, but such breakthroughs are often accompanied by a significant pullback. The current market low is gradually rising, and the overall trend remains relatively strong, so investors should be prepared for swing trades. Both the daily and four-hour levels show a bullish trend, and the focus should be on the support around 105000 below. The altcoin's performance is relatively weak, with limited upward movement, but there is potential for a rebound. However, considering it is driven upward by Bitcoin, if the market experiences a passive decline, the altcoin's drop may also be significant, so attention should be paid to this correlated risk.
Trading Suggestions:
Bitcoin: 109600 to 11500 range, target
107000
Ethereum: 2610 to 2630 range, target 2520