5.5 Early Morning Market Analysis

The current market is entering a high-level consolidation phase, but there are still no signs of the bullish structure being broken, and it has once again refreshed the intraday high in the early morning, reaching as high as 8771. The 1-hour Bollinger Bands remain in an upward diverging bullish channel, with the current candlestick trading above 80,000 in a strong consolidation, typical of a large bullish candle after a slowdown correction. The 4-hour Bollinger Bands continue to expand, with the midline at 79,609 forming strong support, and the lower band has moved up to 78,361. The daily chart shows consecutive full-bodied bullish candles, and the current sideways movement is only to digest short-term floating positions; after correction, further upward movement is highly probable.
Trading Strategy: Continue to look for dips to go long, while controlling position sizes and setting stop-losses to prevent sudden news impacts.
BTC: Buy on dips around 79,800-79,500, target 80,800, breakouts target 81,500.
ETH: Buy on dips around 2,350-2,330, target 2,400, breakouts target 2,450. $BTC ‌$ETH ‌#Gate广场五月交易分享