May 22nd Bitcoin and Ethereum Market Analysis Summary
Looking back at the 22nd, Bitcoin was on a strong upward trend, and our positioning has also yielded great results. The most ironic thing in life is that when opportunities are right in front of you, but without a good plan, you can't seize them; you can only watch others thrive while you remain battered and bruised. So don’t just watch; take action quickly. Opportunities won't wait for anyone. If you miss them, you really miss them. If you lack the courage to act, why would you expect to succeed?
On the 4-hour level, the candlestick chart shows a continuous upward trend, with prices consistently rising along the upper Bollinger Band. Meanwhile, the middle line of the moving average system and the price lows are gradually moving up, forming a clear ascending channel. The formation of this ascending channel indicates that the market is in a clear bullish trend, with strong bullish power continuously pushing prices higher. Even in the early morning, we still see bullish momentum.
Bitcoin around 111,000, target 113,000
Ethereum around 2,620, target 2,750
