#BTC能否冲上11万？ 5.20 Morning BTC Ether market analysis

BTC continues its steady upward trend, forming a perfect ascending channel in the range of 104691-105766. After a brief pullback to confirm support at 104608, the bulls once again pushed the price to a new high of 105766, currently maintaining a strong consolidation pattern. Ether started a one-sided rally from 2440, breaking through the key level of 2500 and reaching a high of 2532, successfully opening up space above.

The technical level shows that the 4-hour moving average system of the pie is in a standard bullish arrangement, 105000 has been converted from a pressure level to a solid support, and the next target is the 106500-107000 resistance band; Ethereum completed the breakthrough of the weekly trend line, the daily MACD green column continued to expand, and the 2480-2500 range formed a new support platform. In terms of operation strategy, it is recommended to focus on dips and longs, and the pie can be laid out in batches in the range of 105200-105500, looking at 106500; Ether retracement near 2500 has a good buying point, and the target is 2580 after breaking through 2530. In terms of risk control, it is necessary to keep an eye on the key support level, and if the pie falls below 104800 or the ether falls below 2480, it is necessary to be alert to short-term adjustment risks. At present, the market as a whole maintains a healthy upward rhythm, and we can grasp the opportunity of callback intervention, focusing on the breakthrough strength of the two key levels of 106000 and 2550, which will further open up the upside after effectively gaining a firm foothold.

BTC suggestion: Buy around 105000 with targets of 106500-107000
Ether suggestion: Buy around 2500-2520 with a target of 2580