Long time no see, everyone has been waiting~ Let's review the market situation. Since May, the coin price has been soaring straight past 82,500. I see many people in the market saying the bull market has arrived, even some predicting 100k. But Yanling wants to say don’t get too excited; whether we can get past the 85,000 level is still uncertain. Often, the more hopeful you feel, the more intense the bear attack becomes. Otherwise, do you think those big bullish breakouts happen easily? So, at this moment, it’s more important to stay calm and cautious.

From a technical analysis perspective, the daily chart of Bitcoin still maintains a medium-term bullish pattern, but the momentum at high levels is clearly weakening. The MACD red bars are shrinking, RSI has fallen from overbought levels, and the upward momentum is insufficient. It’s a high-level top formation, with the potential for a trend reversal at any time. The strong resistance levels are at 83,000 and 81,800, while the key support is at 78,000.
The 4-hour chart shows a high-level weak oscillation, with moving averages turning downward, MACD showing a death cross and turning green. 78,000 is the short-term critical support for this bullish wave; holding it means the price will fluctuate within the range, but a break below will lead to further decline.
The 1-hour chart currently favors the bears; rebounds are weak. Every time it approaches 80,500–80,800, it faces resistance and pulls back. There’s little profit in short-term longs now. The current pattern is high-level oscillation and consolidation; if it can’t break upward, it’s prone to a correction. Don’t rush into trades within the range; wait patiently for a breakout to go with the trend. Be sure to control your position size reasonably and set proper stop-losses.

Yanling’s strategy for Bitcoin on 5.9:
1. Short at 81,000–80,300, stop-loss above 81,800, target 79,700–79,000, further downside towards around 78,100.
2. Long at 78,100–79,000, stop-loss below 77,200, target 80,000–80,800.

Yanling’s Ethereum strategy on 5.9:
1. Long at 2,240–2,280, stop-loss below 2,200, target 2,380–2,420.
2. Short at 2,420–2,380, stop-loss above 2,460, target 2,290–2,250.

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