On May 2nd, a doji candlestick was formed on the daily chart, reflecting a stalemate between bulls and bears at a high level, with low trading volume, and a slight advantage for bears in the short term.
1. Review of yesterday
BTC: The lowest point yesterday was 94,175, the highest point was 97,457, with a fluctuation of 3,282.16 and an amplitude of 3.37%.
ETH: The lowest point yesterday was 1,792, the highest point was 1,872, with a fluctuation of 79.28 and an amplitude of 4.23%.
2. Today's analysis
BTC's current price is 96,924. BTC is trading around $97,000, market sentiment is greedy (Fear & Greed Index 53), and technical indicators (such as RSI 55.7) are neutral. The doji candlestick on the daily chart indicates a balance of bullish and bearish forces, and high-level fluctuations may be a continuation in the upward trend, but a lack of liquidity may limit the breakout. BTC is in an upward channel and formed a double bottom support after breaking through $90,000 (around $74,000), with short-term resistance at $95,500-$97,500.
BTC Resistance: If it breaks through $97,500, pay attention to resistance at $99,060-$100,000.
BTC Support: If it falls below $94,000, pay attention to support at $92,855. A drop below this may further test $90,870.
ETH's current price is 1,841. On May 1st, ETH fluctuated between $1,800 and $2,000. However, affected by BTC's high-level fluctuations, it failed to stabilize and may retest $1,900. The daily chart may continue to show a doji or small bullish candlestick (similar to the pattern on April 25th) with low volume, indicating a balance of bullish and bearish games. A rapid drop followed by a rise on the hourly chart shows increased volatility. If it breaks through $2,000 with increased volume, it may test $2,200-$2,300 or $2,400; if it falls below $1,800, it may retest $1,790 or $1,750 (previous lows).
ETH Resistance: 2000
ETH Support: 1790
3. Summary
BTC prices may fluctuate between $94,000 and $97,500, with the short-term trend depending on the breakout situation at the $95,500-$97,500 resistance level. The technical outlook shows a neutral to bullish bias, with RSI and moving averages supporting an upward trend, but insufficient volume and bearish pressure may limit gains. Institutional buying and favorable policies provide support for the market, and it is recommended to pay attention to the support at $94,000 and resistance at $97,500; a breakout or breakdown will determine the direction of the next stage.
Ethereum prices may fluctuate between $1,800 and $2,000, with a short-term trend tilted towards bullish but limited by BTC movements and volume. The technical outlook indicates $1,800 as key support and $2,000 as resistance; a breakout requires favorable ETF news or a seasonal drive from altcoins. Institutional funds, staking upgrades, and policy expectations support the bullish outlook; it is recommended to watch for support at $1,800 and resistance at $2,000. A breakout above $2,000 could see prices rise to $2,200-$2,400; a drop below $1,790 should be cautious of further testing $1,750.
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