5.8 Morning Thoughts:

Recently focusing on US-China negotiations, positive news may break through 98500 and continue to rise. The market has been quite volatile, please adjust flexibly according to market trends.

From a technical perspective, after significant ups and downs, the market is in a consolidation state. The MACD on the four-hour chart is in positive territory, with the histogram shortening and the momentum weakening, indicating a possible pullback. The RSI is hovering around 60, and if it enters overbought territory, there is also a possibility of a downward movement. Given this, the focus in the morning is on high volatility and low momentum.

Trading Suggestions:

Bitcoin at 97900-98400 range, looking at 96000.

Ethereum around 1830 short, looking at 1790.