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5.15 Friday Morning Bitcoin and Ethereum Market Outlook
Last night, the market bottomed out and gained strength, with the price quickly stabilizing after falling to around 79188. It then surged more than 3,000 points, approaching the 82,000 level, with bullish momentum fully released.
Bitcoin returned to the previous high-volatility zone, with the earlier dip to 78,700 representing a release of bearish pressure and a consolidation move. Last night’s rebound near the starting point indicates that the resistance at 82,500 remains significant, making a strong breakout in the short term difficult. The four-hour chart shows a pullback after reaching 81,999, suggesting the market is mainly consolidating and accumulating strength. The subsequent strategy is to continue buying on dips around key support levels.
Trading Reference
BTC: Buy in the 80,200–80,600 range, with an intraday target of 82,000–82,500
ETH: Buy in the 2,250–2,270 range, with an intraday target of 2,360