Thursday, May 14 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

It has fallen so much, finally showing some decent rebound. Looking back at Bitcoin hitting bottom around 79,800 and solidifying the support early this morning, it started to rise slowly. During the midday session, the bulls finally gained momentum, with Bitcoin steadily pushing up from around 79,000 to the 79,800-80,000 range. Ethereum's movement was synchronized, touching a low of 2,233 before stabilizing with oscillations, and briefly reaching above 2,274 in the afternoon. Overall, the panic selling pressure from earlier is gradually being digested, and the market is undergoing a healthy oversold rebound correction.

In terms of strategic positioning, the early morning and pre-dawn precise bullish signals indicated a long position, confidently riding the trend.
BTC: Long at 79,017 → Exit at 79,781, capturing 764 points
ETH: Long at 2,240 → Exit at 2,267, capturing 27 points
This rhythm was well managed; everyone should be in sync with the trend now.

From the current market perspective, after Bitcoin stabilized above 79,500, the hourly Bollinger middle band has been broken, showing signs of upward divergence. After a series of consecutive bearish candles on the four-hour chart, the candlestick first closed with a solid bullish candle, with the lows gradually rising. The support levels at 78,700-79,000, tested multiple times, have been confirmed as effective. If it can hold firmly above 80,100, there is potential for further upward movement and even challenging previous highs. The only shortcoming is that trading volume has not yet significantly increased, indicating some funds are still on the sidelines. But in hesitation, the rise is normal in the early rebound phase; a slight pullback is not a concern, and the bullish structure remains intact. Ethereum has also broken above 2,260, attempting to push toward 2,270-2,280.
Trading Suggestions: Focus on buying dips, continue to catch rebounds, and control risk with proper stop-losses.
BTC: Buy near 79,500, target around 81,000
ETH: Buy near 2,260, target around 2,350
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