5.2 Morning BTC, ETH Brief Analysis: Influenced by positive developments in US-Iran talks, short-term surge, not recommended to buy high.

Yesterday morning, Bitcoin oscillated upward around 76,000, initially encountering resistance at 77,500, during the US session linked to US stocks, surged directly to 78,880, then fell back to 77,700 early this morning;

Ethereum rebounded yesterday morning from around 2,260, initially resisted at 2,300, during the US session only pushed up to 2,324, then retraced near 2,280 early this morning.

Jingwen provided before the US session: BTC long at 77,500, ETH long at 2,290. ETH long position triggered, weekend exit needed when appropriate, rebound is relatively weak.

On smaller timeframes, all cycles show Bollinger bands trending upward, moving averages aligned bullishly, but trading volume is insufficient, momentum limited, beware of pullback risks;

Hourly price stabilized at 77,500, support levels raised to 77,000–76,800, two-hour chart shows initial divergence at the top;

Four-hour chart clearly shows multiple attempts to test 79,500 failed, forming a flat top resistance, do not overly optimistic about the 80,000 level.

In a geopolitical-driven market, prices change rapidly, always stay alert, and manage risks.

BTC suggestion: buy near 77,500, add on dips at 77,000, target 78,500–79,000;

ETH suggestion: buy near 2,280, add on dips at 2,255, target 2,320–2,340.

No harmful guidance, just sharing ideas, abide by community rules! Wishing the crypto market prosperity, happy May Day to crypto friends, and a great weekend!