Thursday Summary & 5.15 Friday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Enduring the frustrating fluctuations during the day is what qualifies one for the anticipated surge at night. Looking back at Thursday all day, Bitcoin and Ethereum were oscillating at low levels from morning to afternoon, repeatedly tugging back and forth, causing many to lose patience. Until the evening, the bulls finally gained momentum, with Bitcoin soaring from lows, reaching a high of around 81,563, breaking the previous day's rebound high; Ethereum moved in sync, rising from around 2,230 to about 2,312, completing a beautiful breakout rally, and the overall trend finally clarified in the evening.

Today's strategy is very clear: multiple signals throughout the day indicated a bullish outlook. The support after the bottoming out is a bullish signal, and the solid layout has been perfectly fulfilled. Every long position was safely held, and Bitcoin's total long gains reached 4,152 points, while Ethereum's gains totaled 111 points. Surely no one would be shorting or holding through this clearly rising market, right?

From the current market situation, the evening rally has broken the previous weak pattern, and the bullish trend has regained dominance. Short-term upward momentum remains strong. The Bitcoin hourly Bollinger Bands are opening upward, with the price strongly pushing along the upper band, currently oscillating around 81,400; a strong support has formed between 80,500 and 80,800, while the key resistance is at 82,000-82,500. Breaking through this will open new upward space. Ethereum is currently oscillating around 2,308, with strong support between 2,280 and 2,290, and key resistance at 2,330-2,350.

Overall, the evening rally has confirmed the bullish trend, and it is likely to continue upward, testing previous highs.

At the same time, it should be noted that: the short-term rally is rapid, which may be accompanied by minor pullbacks for confirmation, but the overall trend remains bullish. Pullbacks are opportunities to enter.

Trading Suggestions: patiently wait for pullbacks, continue to go long with the trend, avoid chasing highs, and set proper stop-losses.
BTC: Buy on dips around 81,000, target 82,000, break above for 82,500.
ETH: Buy on dips around 2,280-2,290, target 2,350, break above for 2,380.
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