5.30 Market Analysis:

Yesterday at midnight, Bitcoin was hit by a short attack, causing the price to plummet to 105200 before rebounding. Ethereum did not drop in sync and continued to fluctuate within a range. From the chart, after a two consecutive bearish candles at the four-hour level broke below the lower Bollinger Band, there was a slight rebound by the bulls, and the price warmed up. The RSI indicator moved out of the oversold zone and turned upward, indicating the entry of buying power. At the one-hour level, after a two consecutive bullish candles rebound, the bears pulled back, and the price operated above the lower Bollinger Band. The KDJ and RSI indicators showed three lines converging, which is expected to lead to a golden cross, while the MACD histogram is shrinking below the zero axis, indicating a high probability of building a bottom and rebounding in the future. In the morning, it is advisable to go long at a low.

Trading Suggestions:

Bitcoin in the range of 105000-105500, with a target looking at around 107000-108000.

Ethereum around 2600-2620, with a target looking at around 2680-2710.