May 8th Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

There were no significant news affecting the market early this morning. Bitcoin (BTC) previously dropped to 95,700, then rebounded to around 98,000. However, if it cannot break this price, it may test the support level downwards in the short term. Therefore, for morning trading, it is suggested to first attempt a short position, and once the price drops and confirms support, look for opportunities to go long.

Bitcoin Trading Suggestion: The current price of Bitcoin is around 98,000. Consider going short, with a target price around 97,000. If it does drop to this level, see if it can hold; if it cannot, it may continue to decline.

Ethereum Trading Suggestion: The current price of Ethereum (ETH) is in the range of 1,820 - 1,850, and a short position can be attempted. The target price is seen around 1,750 - 1,780. However, be cautious as the market changes quickly, and the trend may reverse at any time; set a stop loss to avoid significant losses.

In summary, focus on going short this morning, wait for the price to drop, assess the support situation, and then decide whether to go long. Exercise caution and manage risk during trading!