5.8 Afternoon Bitcoin Strategy:

The daily candle for Bitcoin closed yesterday with a red doji, indicating intense bullish and bearish battles. However, this morning, there was a rapid short-term surge that broke through $99,000, approaching the $99,500 resistance level. The current daily trend remains bullish; if it confirms support on a pullback, it is highly likely to test the $100,000 round number. The 1/4 hour moving averages are diverging upwards, showing strong bullish momentum, but caution is needed regarding selling pressure in the $99,500 to $100,000 range. Ethereum's daily candle closed positively today, with the price breaking above the previous consolidation moving average band at $1,830, confirming short-term support here. However, after a significant intraday surge, it is not advisable to blindly chase the market; the $2,000 resistance level should be closely monitored. If a breakout fails, it may trigger a technical pullback, so it is recommended to wait for a pullback to the support level before making further moves.

Trading Suggestion:

Short near $99,200 for Bitcoin, targeting $97,000-$98,000, then immediately switch to long, aiming for $100,000!