May 15, Friday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions


After Thursday night's rally, the market entered a phase of oscillation and correction following the upward trend. Bitcoin briefly surged to around 82,000 in the early hours but faced resistance and pulled back, then maintained a narrow range of fluctuation, currently hovering around 81,400; Ethereum moved in sync, reaching a high of 2,318 before pulling back, now consolidating around 2,288. Overall, this pullback is a healthy correction after an upward move and has not broken the bullish trend. After a brief battle between bulls and bears at high levels, there is potential for another upward attack.

Zhi Lan's solid layout has always been confidently bullish, from Thursday to early Friday, accurately timing the market rhythm. Li Run steadily secured today's early morning gains: continuing to position for long trades,
Bitcoin: long at 81,082 → exited at 81,923, gaining 841 points, once again confirming the bullish outlook, with precise timing.

Currently, the market is undergoing a technical correction after an upward move. The bullish trend has not been broken, and after a short-term adjustment, further upward movement is expected. Bitcoin's hourly bullish momentum has somewhat converged, but this is just a normal pullback to gather strength. There has been no effective breakdown below support levels, and the correction remains within a healthy upward trend. It is still holding above the hourly middle band, with support zones at 81,000-80,500 confirmed by multiple previous tests. The support is relatively strong. After digesting the selling pressure through consolidation, it is highly likely to attempt another push toward 82,000 or even higher.

Ethereum's momentum is relatively weak. After pulling back to the middle band of the Bollinger Bands on the 4-hour chart and finding support, it stabilized around 2,280 on the hourly chart. The short-term support zones are at 2,265-2,250. Once the short-term correction is complete, it is expected to follow Bitcoin and continue testing resistance in the 2,320-2,350 range.

Overall, the current bullish trend is clear. The short-term correction is just to prepare for a better rally. As long as key support levels are not broken, bulls may initiate a second wave of upward attacks at any time.

Trading Suggestions: Focus on buying on dips at support levels, avoid chasing highs, and set proper stop-losses.
BTC: Buy near 81,000-81,200, target 82,000, break above to 82,800.
ETH: Buy near 2,260-2,280, target 2,320, break above to 2,350.
#Gate广场五月交易分享 $BTC $ETH
BTC-1.49%
ETH-3.05%
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