5.9 Friday Thought Analysis Suggestions:
After Old Trump announced a trade agreement with the UK, people expect that trade tensions will ease, which pushed Bitcoin to break the $100,000 mark for the first time since February this year. In the early hours of Friday, it rose over 7%, touching 104,000; Ethereum surged over 20% within the day, breaking 2,200. The bears suffered heavy losses yesterday, and of course, I was no exception. This kind of market influenced by sentiment is beyond my understanding; it is truly hard to control!
From a technical perspective, the daily line closed with a huge bullish candle, marking the fourth consecutive bullish close, and the coin price has broken through the upper track, with all three tracks moving upward. The KDJ three-line golden cross is diverging upwards. Currently, it is clearly slowing down, and the MACD double lines are extending upwards again at a high position, with a slight increase in volume! A surge in the market must have a correction, so we first look for a wave of retracement within the day!
Operational Suggestions:
Bitcoin: Short at 103,500-104,000, target around 101,000!
Ethereum: Short at 2,220-2,250, target around 2,100!