May 7 Morning Silk Road Recommendations

Currently, the overall market remains in a bullish trend, but the upward momentum has slowed down. The closing line this morning is crucial: if strong, the bulls will regroup, and the market may attempt to hit new highs; if weak, a slight pullback is expected. The overall large-scale bullish trend remains unchanged, with the 80,000 level having shifted from resistance to strong support. After a long period of sideways consolidation, Bitcoin is finally breaking free from the oscillation constraints and entering a strong breakout! Bullish funds are concentrated and steadily defending the 80,000 key level, with the market steadily climbing higher step by step. Market sentiment has completely reversed, investment enthusiasm continues to heat up, and previous hesitation and confusion have dissipated. A clear upward trend has already formed. The bullish position predicted yesterday has been fulfilled as expected. Partners following the trading rhythm have successfully captured the current market gains, with profits safely in hand!

Although the overall market remains in a bullish trend, the upward momentum has slowed, and further confirmation of the continuation of the rally is needed. The closing line this morning is especially critical, as it will directly determine the short-term direction: if the close shows strength, the bulls will regroup, and the market will continue its push toward new highs; if the close is weak, a minor correction or consolidation may occur in the short term. Looking at the overall market, the large-scale bullish trend has not changed, with the 80,000 level having transformed from resistance into solid support, and the bottom foundation is stable and firm. In terms of trading strategy, following the trend remains the priority, with a firm bullish outlook unchanged. Waiting for a pullback to stabilize is a good entry point. Be patient with holding positions and wait for the market to reach new highs again!

Trading Suggestions

Bitcoin can be directly bought in the range of 81,100-80,600 with a target of 82,600; if it stops at 80,000, consider reversing positions.
Ethereum moves in sync. Buy directly in the range of 2,340-2,310 with a target of 2,400; if it stops at 2,320, consider reversing positions.
Market conditions change rapidly, remember not to fight against the trend. Do not stubbornly hold onto one position; if the situation turns unfavorable, exit immediately. Keep some cash on hand—there's no need to go all-in or overtrade. Stick to small positions, avoid overexertion, and don’t hold onto losing trades. This approach will help you go further and survive longer. 💰 The wallet will become increasingly full.