The rise of Bitcoin is very intuitive and not overly complicated, so naturally, the analysis doesn't need to be too complex. Only in a fluctuating market do we need detailed analysis because technical factors are useful. Can you say that the technical side is reliable in such a market? It's just an acceleration after a breakdown. But now that it has risen above 109,000, it’s a bit awkward. Everyone knows how to trade; there are plenty of people chasing the rise around 108,000, right? The 110,000 mark is just ahead, and since early April, the price has continuously surged more than 30,000 points. Although the bullish force is very strong, we can also see from the previous decline that as long as the bears are given a chance to breathe, they will definitely seize the opportunity to counter the bulls. Therefore, the closer we get to critical moments, the more we need to remain calm.
From the market analysis, the price has shown an upward trend for several consecutive days, forming multiple bullish candles, indicating strong buying power in the market. The MACD is in the positive zone on the hourly timeframe, and the DIF line has crossed above the DEA line, showing that the upward momentum is strengthening in the short term. The RSI is approaching the overbought area on the hourly timeframe but has not entered an extreme overbought state, suggesting there is still room for further increases. The EMA7, EMA30, and EMA120 moving averages are all in a bullish arrangement on the hourly timeframe, with the price consistently running above the EMA7, supporting the current upward trend. The recent market trend is very clear; any pullback is an opportunity to go long. Trading with closed eyes is guaranteed to be profitable, so there is no need for more elaboration from Yan Ling.
Yan Ling's 5.22 Bitcoin trading strategy:
1. Go long at 107,300-108,000 with a stop loss below 106,300, targeting 113,000-114,000.
2. Go short at 114,000-113,300 with a stop loss above 115,000, targeting 111,000-110,000.
Yan Ling's 5.22 Ethereum trading strategy:
1. Go long at 2,500-2,540 with a stop loss below 2,460, targeting 2,660-2,700.
2. Go short at 2,720-2,680 with a stop loss above 2,760, targeting 2,580-2,540.
[The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yan Ling's real-time strategies.]
The content of this article is exclusively shared by senior analyst Yan Ling. For more real-time community guidance, asset recovery consultation, market watching skills learning, etc., you can follow the teacher to find the teacher $BTC $ETH .
