#BTC

#ETFvsBTC

#ETHETFS

#BNB_Market_Update

$BTC

$ETH $BNB

In the first trading session of May, the crypto market continues to be active with the accumulation around the important technical zones of BTC, ETH, and BNB. Below is a detailed analysis and suitable trading strategies for each coin, helping you prepare for potential volatility in the next 24 hours.

1. Bitcoin (BTC)

• Current price: $94,222

• Resistance: $95,577

• Support: $93,352

• Technical signals:

BTC is accumulating just below the strong resistance area of $95,600, after rising more than 10% in the past week. Trading volume increased by 73%, with the MA20 and MA50 maintaining an upward direction, indicating that buying pressure remains strong. The RSI has not yet reached the overbought zone, allowing BTC to continue climbing if it breaks resistance.

• Trading strategy:

• Futures: Consider opening Long when the price exceeds $95,600. SL: $93,800 – TP: $97,500

• Spot: Can accumulate around the $94,000–$94,500 area if the price holds above support

2. Ethereum (ETH)

• Current price: $1,795

• Resistance: $1,828

• Support: $1,751

• Technical signals:

ETH is approaching the resistance area of $1,828 after a sustainable upward movement. RSI on the 4H frame is at 62.7 – not too hot, but strong enough to expect a breakout if volume supports. MACD and short-term moving averages all support the continuation of the uptrend.

• Trading strategy:

• Futures: Long when the price exceeds $1,830. SL: $1,780 – TP: $1,900

• Spot: Can enter around $1,780–$1,800 if the price holds above support

3. Binance Coin (BNB)

• Current price: $599.97

• Resistance: $605

• Support: $592

• Technical signals:

BNB is moving sideways in the accumulation area near resistance $605. RSI and MACD remain positive, and the technical pattern shows potential for a breakout in the short term. The range is narrowing – suitable for a breakout waiting strategy.

• Trading strategy:

• Futures: Long when the price breaks $605. SL: $590 – TP: $630

• Spot: Can open a buy when the price confirms breaking above $605

Today's strategy summary

• Prioritize observing the breakout zone of BTC and BNB

• ETH can accumulate short-term if it has not broken $1,830

• Should set alerts at the resistance area to respond promptly

• All three coins are in a 'compression' state, suitable for trend-following trading strategies

This article is of a technical analysis nature and not investment advice. Please manage risk carefully and only trade when there is a confirmation signal.