5.7 Morning Thought Analysis

The market surged strongly this morning, mainly driven by the bulls, but don't impulsively chase the rise just because it's going up; stay calm. It still hasn't broken through the previous high of 978. From the daily perspective, the market has been steadily rising, with the middle line of the Bollinger Bands acting like a pillar, continuously supporting it. Looking at the four-hour chart, the Bollinger Bands' channel is getting narrower, and in the short term, it may oscillate within a range. The focus is still on the bearish side, and it's important to set stop-losses and avoid counter-trend trades.

Morning Trading Thoughts

- Short around 975-980 for Bitcoin, looking down to around 955. If it breaks, further down to 930.

- Short around 1840-1870 for Ethereum, looking down to around 1800, if it breaks, further down to 1750.

Personal suggestions are for reference only $BTC $ETH #美联储FOMC会议