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5.9 Morning Bitcoin and Altcoin Analysis
From the four-hour chart, BTC's Bollinger Bands are narrowing and flattening, indicating the market is in a range-bound consolidation phase. The price remains firmly above the middle Bollinger Band, with a solid short-term bullish trend structure intact. The moving average system is generally diverging upward, stacking to form strong support; the KDJ indicator has formed a golden cross at low levels and continues to rise, with bullish momentum steadily accumulating and releasing. Overall, the market shows clear bullish signals indicating a strong upward trend.
Trading Suggestions
Bitcoin: Buy near 78,500-79,500, targeting 80,500-83,000
Altcoin: Buy near 2,240-2,270, targeting 2,290-2,380
$BTC $ETH #Gate广场五月交易分享