5.8 Thursday Analysis and Suggestions:

The evening market arrived as expected, with the target perfectly reached, and both long and short positions achieved good profits yesterday. The market maintains a range-bound oscillation pattern, with opportunities for two-way trading existing.

The early morning news did not have a significant impact on the market. Bitcoin rebounded to around 98300 after touching a low of 95700, but the resistance level at 98500 remains strong, with multiple attempts to break through failing. If this resistance level cannot be surpassed, there may be a short-term test of the support below again. In the morning session, it is suggested to prioritize high short strategies, and wait for a pullback to confirm support before considering long positions.

Trading Suggestions:

Bitcoin: Short at 98000-98500, target around 96000

Ethereum: Short at 1840-1860, target 1750-1780