5.19 Morning Market Analysis

From the four-hour chart, large bullish and bearish candles have appeared consecutively, making it crucial for the bulls to stabilize around the 105000 level. Technical indicators have returned to a unified upward trend, and after a high-level consolidation, there is still potential for intraday upward movement. On the hourly chart, the market has formed a significant V-shaped structure, with three tracks rising together after a rapid increase and decrease, displaying clear signs of a bottoming out. In the short term, after a slight pullback, the market resumes its upward trend.

Bitcoin around 104500-104000 target 106000

Ethereum around 2410-2400 target 2550