Bitcoin (BTC) Trend Review
Yesterday, Bitcoin's market showed a fluctuating trend, initially briefly rising to around $96,000 but failing to break through effectively, then falling back to the $93,500 line. The market then recovered, and the overall performance was relatively stable. The daily closing formed a doji, indicating that the market is still in a consolidation phase. The current support level remains in the $93,000-$93,600 range, with a key defensive point at $92,000.
As the monthly line is about to close, the market may experience a final surge in the short term. If it can break through the $96,000 line in the next couple of days, there is expected to be an opportunity to challenge the $98,000-$100,000 range during the May Day holiday. If the breakthrough is successful, ETH is expected to follow the upward trend. Therefore, before the monthly line closes, a strong breakthrough at $96,000 will be the next important focus.
Ethereum (ETH) Trend Review
Yesterday, ETH's trend was relatively weak; although there was a slight upward movement, the pullback was significant, with a low of $1,745, and it ultimately closed with a bearish candle after the rebound. Despite this, I remain optimistic about ETH's future performance, believing that May will bring more upward opportunities, with the $2,000-$2,200 range still being a turning point.
Currently, ETH's support level is around $1,720, with a daily low of $1,745. It is expected to continue rebounding. Today's main resistance range is $1,860-$1,880; once broken, further attention will be on the $1,960-$2,000 range for additional pressure. If it breaks through $2,000, the upward potential for ETH will continue to open up.
Analysis of SUI, DOGE, SOL and Other Altcoins
SUI once again touched above $3.8 yesterday, reaching the previously set target range. It is not advisable to chase high prices at this time; it is recommended to wait for a pullback to the $3.0-$3.2 range before considering entry. Overall, altcoins are still in a stage of waiting for a breakout, and there is no need to rush to act; decisions can be made as the market further develops.
Today's Focus: Key Support and Resistance for BTC and ETH
Today's BTC support level is still focused on the $93,000-$93,600 range, while the resistance range above is $96,000-$98,000. If it cannot break through $96,000 in the coming days, there may be a strong breakout during the May Day holiday, continuing to drive the market upward. Currently, the monthly line is about to close, and short-term performance is crucial.
ETH's support level is concentrated around $1,760, while the resistance level above is in the $1,860-$1,880 range. If this resistance is broken, the next target will be the $1,960-$2,000 range. ETH's performance will be influenced by Bitcoin's trend; therefore, BTC's rebound will directly affect ETH's performance.
Summary:
Bitcoin's short-term fluctuating trend continues, focusing on the breakthrough of the $96,000-$98,000 range; if successful, the market is expected to remain bullish. Ethereum has gradually recovered today after yesterday's pullback, with the $2,000-$2,200 range still being a key turning point. Altcoins like SUI, DOGE, and SOL still need to wait for the right buying opportunity to avoid the risk of chasing high prices.
