5.14 Afternoon Bitcoin and Ethereum Market Analysis and Subsequent Trading Strategy Reference

In the morning session, the coin prices showed a pullback after a rise. This morning, we suggested a buying strategy near the 103500-103000 range, and currently, the long positions are still held. Bitcoin reached a low of 103409 in the morning and is now showing signs of stabilization, currently in a narrow range of fluctuations. From a technical structure perspective, the current market is not much different from the morning session, with limited upward and downward fluctuations in Bitcoin and no significant one-sided trend formed.

In this volatile market, what we need to do is wait and avoid blindly chasing highs and cutting losses. We should engage in short-term operations around the fluctuation range, which can yield some relative gains. While the overall trend still maintains a bullish outlook, the market currently lacks certain liquidity. In the absence of market news to stimulate liquidity, it is expected that the low points will gradually rise in the short term, and we can still attempt to follow the morning strategy for long positions.

For Bitcoin, we continue to maintain a buying strategy on dips. In the afternoon, we can still lay out long positions at the key support level of 103500-103000, with a focus on the upper level of 104000-104500.

Ethereum is currently slightly decoupled from Bitcoin, and its recent performance has been quite impressive, constantly refreshing its periodic highs and showing a strong upward momentum. For the afternoon strategy, we can look to buy near the 2640-2620 range, with the upper target continuing to focus on 2700-2750. 826894506482142912054935277966179363250400 Account: Lao Li on Currency