5.19 Afternoon Market Analysis

From the morning trend, after Bitcoin broke through the key point of 105000, the forces of long and short positions frequently switched, and the competition became intense. The bulls are showing strong momentum, continuously breaking previous high points, but the bears are also fighting back vigorously. In the short term, 102500 will become an important testing point. On the hourly chart, downward pressure is increasing, with signs of an upward shift at the lower bound. Both long and short positions will compete around 104000 in the short term. If this level is broken and a sustained low-level fluctuation occurs, it will further test the lower bound at 103000. If that level is broken, the downward trend may continue. In the afternoon, continue to follow the morning strategy for operations.

Trading Suggestions:

Bitcoin: Go long around 103000, target near 105500.

Ethereum: Go long around 2300, target 2500.