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May 11 BTC/ETH Latest Strategy: Consolidating Bottom, Bulls Ready to Launch
Dear friends, after the market surged in the morning and faced resistance, it quickly pulled back, with Bitcoin dropping to support at 80,470, while Ethereum also fell to the 2,318 range. Subsequently, buying funds continued to flow in, and the bulls quickly regained lost ground. Currently, Bitcoin is at 80,956 and Ethereum at 2,330. Hold long positions with confidence.
The bottom support signals are clear, and bullish sentiment continues to warm up. The four-hour chart repeatedly tested the middle band of the Bollinger Bands without success, forming a strong support bottom pattern with sufficient rebound momentum; the hourly chart shows three consecutive bullish days with increased volume, and the Bollinger Bands' lower band has completed energy accumulation. Coupled with continuous net fund inflows into Bitcoin ETFs, after a short-term consolidation phase, the upward space is about to open. Bitcoin target is 83,300, Ethereum looks at 2,440. #Gate广场五月交易分享 #比特币波动 #Polymarket每日热点 #BTC #ETH