5.10 Saturday Evening Trend Analysis:
Bitcoin Market Review and Analysis
Today, Bitcoin opened around 103000 at 8 AM. During the daytime trading session, it started from around 102800 and gradually climbed up the price ladder, reaching a maximum of around 104100, then slightly adjusted and fell back to around 103300. Currently, it is fluctuating around 103800, accumulating strength and waiting for the next breakthrough opportunity.
From the four-hour structure, Bitcoin shows a shrinking volume doji pattern. The upper resistance level to watch is around 106000; if it can break through effectively, it is expected to open up further upward space. The lower support level to pay attention to is around 101500; if it fails to hold, it may trigger a certain degree of correction. Observing the one-hour structure in detail, the bearish strength of Bitcoin has weakened but still shows a pressured state. The short-term pressure level above is around 104200, while the support range below is between 103200-102500. The price movement within this range will provide key guidance for subsequent market trends.
(Ethereum Market Review and Analysis)
Ethereum opened around 2344 at 8 AM today. The morning market was as intense as a roller coaster, first quickly rising to around 2380, then swiftly falling back to around 2315, as if experiencing a thrilling 'heartbeat journey'. However, Ethereum did not sink; after a brief pause around 2325, it made another effort and surged up to around 2435, but ultimately could not stabilize and fell back to around 2360 before robustly rebounding to around 2423. Currently, it is fluctuating around 2410.
Evening Personal Suggestions
Bitcoin Trading Suggestions
In the evening trading session, if Bitcoin experiences a pullback, when the price dips to around 103200-102700, consider buying the dip, aiming for a target of around 104500-105500. This trading strategy is based on the current overall fluctuating upward pattern of Bitcoin and the relative stability of the support level below. It is essential to closely monitor changes in market sentiment and the impact of news and adjust positions flexibly.
Ethereum Personal Suggestions
For Ethereum, if its price pulls back to around 2390-2370 in the evening, it can be considered a relatively ideal buying opportunity, with targets set around 2440-2490. Ethereum's recent trends have been quite active, with substantial price fluctuations. While seizing opportunities, it is also necessary to pay attention to risk control and reasonably set stop-loss and take-profit levels.
Market fluctuations are like the waves of the sea, sometimes turbulent and sometimes calm as a mirror. In the current complex market environment, it is essential to remain vigilant at all times and implement risk prevention measures. Do not blindly chase highs out of momentary greed or miss good opportunities out of fear. Capture periodic opportunities within the range and secure profits prudently!
