5.14 Afternoon Market Analysis and Trading Suggestions
BTC reported 10400 at 8 AM, surged to 10500 at midnight before retracing, currently oscillating around 10370;
ETH reported 2678 at 8 AM, reached a new high of 2724 at midnight before pulling back, currently oscillating around 2660.
Technical Analysis: BTC has retraced to the middle track on the four-hour chart with reduced volume, with resistance at 10520 above and support at 10170 below;
The hourly chart shows bullish volume, pay attention to support at 10300 and resistance at 10450.
Trading Suggestions: Go long on BTC at the pullback of 10310-10270, with targets at 10470-10510;
Go long on ETH in the range of 2660-2635, with targets at 2735-2760.