5.15 Initial Thoughts Analysis at Noon
In the morning to noon period today, the Bitcoin market exhibited a pattern of initially rising and then declining. The price climbed to a high of 103800 before entering a correction mode at noon, currently having dipped to a short-term support level of 102700. It is worth noting that the extent of this pullback is limited, basically in line with expectations, and constitutes a normal technical correction.
From the market rhythm perspective, the bullish momentum remains strong. Despite facing multiple pullback tests, there has been no substantial break of the key support level, thus maintaining a bullish tone in the short term.
For Bitcoin, go long around 102000-102500, targeting near 104000, and if it breaks, further targeting 105000.
For Ethereum, go long around 2520-2560, targeting near 2620, and if it breaks, further targeting 2700.
Personal suggestions are for reference only
