5.2 Bitcoin Market Analysis

The strategy of buying on the dip provided at midnight has been perfectly validated, with a movement of 1000 points already achieved. From the 4-hour chart, after stabilizing around 94000, Bitcoin has surged all the way up, with a two-day increase of nearly 3500 points! The MACD is still showing a bullish trend, but there was a slowdown in the morning, with a clear short-term resistance at 97500. Moving forward, we will maintain the strategy of buying on the dip.

If Bitcoin pulls back to 96300-95700, the target is 97500-98000, and if it breaks, we look towards 99500. (Watch for support at 95000 below; if Bitcoin breaks down with volume and cannot recover, look to the downside at 93500, 92800.)

Ethereum pullback to 1815-1805, with a target of 1850-1890, and if it breaks, look towards 1950. (Watch for 1795 below; if Ethereum breaks down with volume and cannot recover, look to the downside at 1750, 1730.)