2025/05/02 Market Briefing

🥇01 Yesterday's Review

BTC: Yesterday, during the day, it oscillated upward on an hourly basis, and there was a drop when the U.S. stock market opened in the evening, but it was quickly pulled back, breaking through the 96000 level and continuing to surge towards 97000. Currently, it is oscillating between 96000-97000.

ETH: On an hourly basis, it still follows Bitcoin, but is relatively weaker; the daily line is already close to the EMA52 line.

🥈02 Today's Analysis

BTC Trend: The daily line is a bullish candle, and the trading volume is slightly higher than the previous two days, still maintaining a normal trading volume range. The daily MA30 line shows an upward trend, and the MACD is not far above the zero line, showing a weakening upward momentum.

After oscillating for about seven or eight days, it has chosen to break upward. The price is unlikely to plummet in the short term; it is more probable that it will oscillate at a high level before continuing to break upward.

Key Levels:

Resistance: 99700-102000

Support: 94700-91700

ETH Trend: The daily MA30 line has started to slowly transition from a downward trend to a flat trend; the MACD fast line has crossed above the zero line, while the slow line is close to the zero line, showing a slight weakening of upward momentum. With this MACD trend, a single bullish candle can lead to a continuation of the strengthening upward momentum.

Resistance: 1875-1950

Support: 1770-1740

🥉03 Today's Summary

Market Overview: The next target is the range of 99000-100000. It won't go up all at once; the 100000 round number is also a psychological barrier and will face significant pressure. Near 100000, it can still be a good opportunity to reduce holdings.

As we mentioned last week, the upward trend on the weekly level has been confirmed, and pullbacks are opportunities to enter.