After experiencing a significant stretch yesterday, Bitcoin has once again turned to high-level fluctuations, and after a large bullish candlestick on the daily chart, it has adjusted with a small bearish candlestick, indicating that there may be pullback pressure in the short term.
At the same time, the hourly MACD is currently in the negative territory, and the fast and slow lines are gradually approaching the zero axis, which also shows signs of weakening momentum. However, the overall trend remains unchanged!
Pullback to 109500-110000 to enter, first target at 112000, if broken, look towards the 113800 level.
The dumpling that was waited for all day was realized at midnight, the pattern is still too small, and the pancake directly broke the pressure and surged to 110,000.
5.21 Morning Thoughts: In the early morning, Bitcoin fluctuated upward, reaching a high of 107292 before facing downward pressure. In the morning, another rebound occurred, with the retracement momentum weakening.
The daily line closed bullish, and the moving averages are stable, with an upward trend. On the four-hour chart, the Bollinger Bands are opening upwards, and there is strong resistance at the upper band. The bullish momentum is weakening, with a slight pullback. It is recommended to buy on dips to capture rebounds.
Trading Suggestions: Bitcoin: Bullish near 106300-105500, with a target around 107800.
Early Morning Discussion: The market is still in a tug-of-war between bulls and bears. The MACD indicator is hovering near the zero line, with the fast and slow lines sticking together and flattening out. Trading volume shows a mild shrinking trend. From a structural perspective, the price has formed a clear oscillation range between the upper and middle bands. The short-term trend shows characteristics of a box consolidation with pressure on the upside and support on the downside, maintaining a bearish outlook for now as we await signals from tomorrow's morning session. Bitcoin: Can short around 106300-107000, with a short-term target of 103000. Ethereum: Can short around 2550-2530, with a short-term target of 2420.
The large coin has repeatedly tested highs and pulled back in the short cycle, with a strong daily bullish surge. Today marks the end of the week with a strong six consecutive bullish candles, establishing the high point at 106,000.
This forms a cloud cover at the previous high point, leading to a pullback. There is obvious resistance above, and the adjustment space on the weekly chart will further deepen. Today, the short-term market is likely to be more volatile; direction does not form in one step, and the short cycle performance will continue to be convoluted.
Large coin suggestion: Around 106,500-107,000 Target around 103,000
According to the current market situation, the four-hour level shows that the market has broken down through the middle band of the Bollinger Bands with two consecutive bearish candles. The KDJ indicator has formed a death cross at this level and is diverging downwards. The MACD indicator has entered the negative range, indicating that the overall trend is currently reliant on bearish movements. From the one-hour level, the market has continued its downward trend to just above the lower band of the Bollinger Bands, which is opening downwards. All indicators are showing bearish patterns, and the bearish volume is still being released. However, all three lines of the KDJ indicator have entered the oversold zone, suggesting a risk of a short-term pullback. Therefore, for morning operations, we will adopt a high short strategy.
Bitcoin can be shorted around 103500-104000 with a target of 102000, Ethereum can be shorted around 2520 with a target of 2420.
On the four-hour line, the volatile market continues, with the coin price mostly operating between the upper and lower bands this week, indicating a clear phase of consolidation and accumulation; the warming of technical indicators also suggests that the intraday trend will primarily be upward volatility.
In terms of direction, we will maintain a bullish outlook for now, and after facing upward pressure, we will look for short opportunities. Therefore, under this structure, every pullback presents an ideal opportunity to go long.
Bitcoin is hovering around 102,500, aiming for 105,000. Ethereum is around 2,520, can directly go long, aiming for 2,650.
The market completed its movements overnight without providing new breakout points, retracting to around 102500. It started to rebound from the low point and surged to around 103600, always oscillating without achieving a unilateral continuation.
Currently, from the perspective of this market trend, as long as one can control the high and low points of the range, they will not leave empty-handed. Looking at the current market, the trends of Ethereum and Bitcoin are similar. Bitcoin's daily price has remained above 100,000 for several days, consolidating at a high level without giving a deep retracement. Previous high points are often followed by a violent surge after consolidation. We are still in this range consolidation structure. On the four-hour chart, after a round of V-shaped unilateral trend completion, neither bulls nor bears have provided much continuation; it only expanded the space. A wide range consolidation is underway, so operations should focus on short-term strategies. Plan to short at highs and long at lows according to the range, while making corresponding adjustments based on the on-the-spot pattern.
Bitcoin can be bought in the morning at 101500-102500, with a target near 105500. Ethereum can be bought at 2580-2550, with a target near 2700.
The daily line closed with a small long candle, with intense competition between bulls and bears; currently transitioning to a bearish pullback, the bullish momentum is weakening. The 4-hour level maintains a box-shaped oscillation, with prices retracing to the mid-band support, and breaking through is challenging. During the day, we expect oscillation and correction, with a focus on low buy layouts.
Operation Reference: Bitcoin Buy at 102800-103200, Target 104600 Ethereum Buy at 2600-2620, Target 2700
The prolonged high-level fluctuations have finally resulted in a significant decline. Yesterday afternoon, impacted by tariffs, Bitcoin briefly rose to 105800, then fell all the way down, reaching a low of 100700 in the early morning, and is currently rebounding to the 102500 area.
From a broad perspective, the larger trend is beginning to turn bearish, with clear signs of a reversal appearing under high pressure. Continuous bearish candles have broken the previous upward trend, and the market is starting to weaken. Once the trend changes, it is likely to continue in that direction; thus, the strategy should be to follow the trend. In the morning, it is suggested to short Bitcoin in the 102900-103500 area, with a target looking at 101500-100500.
Yesterday, the loss stop of the concave basket exited, and the big coin broke through the 100,000 mark, following the trend to chase long and take profit at 6000 oil.
After Old Trump announced a trade agreement with the UK, there are expectations that trade tensions will ease, driving the big coin to break through the 100,000 mark for the first time since February this year, surging over 7% at one point early Friday morning, reaching up to 104,000; Ethereum surged more than 20% during the day, breaking through 2200.
From a technical perspective, the daily line closed with a huge positive candle, marking the fourth consecutive positive close, and the coin price broke through the upper track, with three tracks moving upward. KDJ's three lines formed a golden cross and are diverging upwards, showing a clear slowdown. The MACD double lines are extending upwards again from a high position, with slightly increased trading volume! A surge in the market will definitely lead to a pullback, so we first look for a wave of retracement during the day!
Operational Suggestions: Big Coin: 103500-104000 short, target around 101000! Auntie: 2220-2250 short, target around 2100!
The evening target was perfectly reached, with both bulls and bears profiting yesterday.
Yesterday, influenced by early morning news, Bitcoin rebounded to around 98300 after hitting a low of 95700, but the resistance at 98500 remains strong. If this resistance cannot be broken, the short term may test the lower support again. The morning session suggests considering a short position strategy.
Operation Suggestions: Bitcoin: Short at 98500-99000, target around 96000 Ethereum: Short at 1860-1880, target around 1780
From the 4-hour chart, although the bulls attacked in the early morning, they did not recover the previous decline. After a decrease in selling volume, the market's downward pressure has significantly reduced, and the bulls' increased volume has mitigated the downward trend of the lower bound, but Bitcoin is still under pressure from the middle bound, leaving some space below in the short term. The EMA trend suggests a fluctuating downward movement, and it may maintain a state of fluctuation or decline in the short term. The change of MACD from negative to positive indicates a certain rebound momentum in the short term, but it is not enough to reverse the trend.
Trading suggestion: Sell around 95600, target 92800.
Currently, the overall trend is showing a fluctuating decline, but there is a certain technical rebound. However, the strength of the rebound will not be significant, and the MACD is about to turn from positive to negative, indicating an impending death cross, which strengthens the downward momentum. In terms of operations, initially watch for a rebound from 93000 to 94300 and the high point of 94500. This is where to set the layout point for the downward trend. If the upper level breaks through 95000, it indicates a strong rebound, and the upward movement may continue. In this case, it is necessary to exit the downward trend in a timely manner!
The recent price of Bitcoin has been fluctuating at high levels, forming multiple long upper and lower shadows, indicating significant market divergence. After a series of consecutive bullish candles on the daily chart, it has turned bearish, suggesting potential short-term correction pressure. The 4-hour MACD is in the positive region, but the histogram is shortening, indicating weakening upward momentum. The daily MACD remains strong, and the overall trend has not changed. The 4-hour RSI has retreated from the overbought zone to the neutral zone, suggesting a need for adjustment in the short term. The daily RSI is approaching the overbought zone, warning of the risk of a pullback after excessive gains. Ethereum is following Bitcoin’s correction, with intraday highs.
Trading Suggestions: Buy Bitcoin around 93500 to 94000, with a target near 91500. Buy Ethereum around 1780 to 1800, with a target near 1730.