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May 7th Bitcoin and Ethereum Trading Ideas and Operational Suggestions:
Tomorrow, the overall trend will be dominated by bulls, with a focus on buying on dips. Do not blindly short at high levels against the trend. BTC's lead will set the direction, with ETH moving in tandem for a rebound. As long as the trend remains intact, the bullish strategy stays the same.
BTC: Buy in batches on dips around 80,000-80,200; exit with a stop loss if it falls below 78,800. The initial target is 82,000; if broken, look for 83,500.
ETH: Buy in batches on dips around 2,330-2,340; exit with a stop loss if it falls below 2,300. The initial target is 2,400; if broken, look for 2,450.