5.23 BTC/ETH Market View:

A prolonged sideways trend must eventually lead to a decline, or will it be a sideways trend instead of a decline? It's Friday again, a day when things can easily happen. Don't be overly bearish or predict a peak; what you think is a high point may not necessarily be the top! Trade with a light position, definitely participate with a light position. The market is waiting for a pullback; those who shorted are waiting to get out, and those who are long are waiting to enter more, all hoping for a pullback. No one knows where the top is; we can only proceed cautiously and observe while participating with a light position!

For Bitcoin, pay attention to support around 110,500 and 110,000. If there's a pullback to these levels, consider going long, targeting 111,500 and 112,500. After reaching a high of 111,900, the market entered a high-level sideways consolidation phase, but the pullback has not broken below 110,000, so for those bullish, trying to go long here with a stop loss is advisable.

Ethereum tested a high of 2734; support is around 2690, 2650, and 2630. If there’s a pullback to these areas, consider entering long positions, targeting 2730, 2770, and 2800. #比特币突破11万美元 $BTC