On May 2, the daily chart showed a doji, reflecting a stalemate between bulls and bears at high levels, with low volume; the short-term bearish sentiment slightly prevails.

1. Review of Yesterday

$BTC BTC: Yesterday's low was 94175, high was 97457, volatility was 3282.16, with an amplitude of 3.37%.

$ETH ETH: Yesterday's low was 1792, high was 1872, volatility was 79.28, with an amplitude of 4.23%.

2. Today's Analysis

BTC's current price is 96924, with BTC prices around $97,000. Market sentiment is greedy (fear and greed index at 53), and technical indicators (such as RSI at 55.7) are neutral. The daily doji indicates a balance of forces between bulls and bears, and high volatility may be a continuation of an upward trend, but lack of liquidity might limit breakouts. BTC is in an upward channel, forming double bottom support after breaking $90,000 (around $74,000), with short-term resistance at $95,500-$97,500.

BTC Resistance: If it breaks above $97,500, pay attention to the $99,060-$100,000 resistance.

BTC Support: If it breaks below $94,000, pay attention to $92,855 support; a further breakdown could lead to a retest of $90,870.

ETH's current price is 1841. On May 1, ETH fluctuated between $1,800 and $2,000. However, influenced by BTC's high volatility, it failed to stabilize and may pull back to $1,900. The daily chart may continue to show a doji or small bullish candle (similar to the pattern on April 25) with low volume, indicating a balance in the tug-of-war between bulls and bears. A quick drop followed by a rise on the hourly chart shows increased volatility. If it breaks above $2,000 with increased volume, it may test $2,200-$2,300 or $2,400. If it breaks below $1,800, it may retest $1,790 or $1,750 (previous low).

ETH Resistance: 2000

ETH Support: 1790

3. Summary

BTC price is likely to fluctuate in the range of $94,000 to $97,500, with the short-term trend depending on the resistance breakthrough at $95,500 to $97,500. The technical indicators show a neutral to bullish outlook, with RSI and moving averages supporting bullish momentum, but insufficient volume and bearish pressure may limit the gains. Institutional buying and favorable policies provide support to the market. It is recommended to pay attention to the $94,000 support and $97,500 resistance; a breakthrough or breakdown will determine the direction for the next phase.

Ethereum price is likely to fluctuate in the range of $1,800 to $2,000, with a short-term trend biased towards bullish but limited by BTC's movement and volume. The technical indicators show $1,800 as a key support level and $2,000 as resistance; a breakthrough requires favorable ETF news or altcoin season to drive prices. Institutional funds, staking upgrades, and policy expectations support a bullish outlook. It is recommended to monitor the $1,800 support and $2,000 resistance; if it breaks above $2,000, targets may rise to $2,200-$2,400; if it breaks below $1,790, be cautious of further retesting of $1,750.

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