Yueying: Bitcoin and Ethereum Market Analysis (May 5-6): Bullish Trend Returns, Aiming for 90,000? Latest Trend Strategy Included

2026-05-05 13:54:39
Shareshare
On the daily chart, Bitcoin's previous candlestick closed bullish, breaking through the upper Bollinger Band before a slight pullback. Intraday trading saw continued upward movement. The Bollinger Bands are widening upwards, short-term moving averages are trending upwards, the MACD fast and slow lines are crossing upwards with increasing volume, the KDJ is trending upwards with resistance around 100, and the VR indicator is consolidating around 200. On the 4-hour chart, the price has been trading around the upper Bollinger Band and is currently testing it. The Bollinger Bands are widening upwards, short-term moving averages are trending upwards, the MACD fast and slow lines are extending upwards with increasing volume, the KDJ is trending upwards with resistance around 100, and the VR indicator is consolidating around 160. Overall, the market has broken through the previous high with a strong upward trend, showing signs of further gains. However, we should not be blindly bullish and be wary of a potential sharp drop. This week's key news focus is Friday's non-farm payroll data. Short-term resistance is around 83800, with support around the psychological level of 80000. For short-term trading suggestions: Bitcoin: Short at 83500, Long at 80600 (Take profits as needed). Ethereum encountered resistance around 2400 and pulled back slightly. On the four-hour chart, the price is currently trading below the upper Bollinger Band, showing weaker momentum than Bitcoin. The overall short-term strategy can be referenced in conjunction with Bitcoin. Resistance is around 2500, with support around 2300. For short-term trading suggestions: Ethereum: Short at 2450, Long at 2330 (Click the image to see the homepage introduction for more cryptocurrency analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!
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