5.23 Friday Bitcoin Ethereum Market Analysis Summary
Looking back at today’s Bitcoin market, it has also been fluctuating, from a peak of 111959.5 down to a correction of 107501.2, then rising again to the current market. This process can be likened to a thrilling roller coaster ride, exciting yet nerve-wracking. This is the charm of Bitcoin, making people both love it and hate it.
From the overall market perspective, the 110,000 mark serves as a key support level from earlier. After being strongly broken through, it has continued to move, and the rebound has not managed to return above it. The market is once again under short-term pressure, and it will continue to challenge this position. We will still employ a strategy of selling high and buying low, focusing on long positions.
Bitcoin around 108,000, target 110,500
Ethereum around 2,530, target 2,650
