5.3.BTC.ETH. Night Highlights

Tonight, Bitcoin has entered a top consolidation phase after a wave of upward movement in the 4-hour cycle. It has just tested the upper edge of the consolidation range again, showing strong performance. If the closing price can firmly stay above the upper edge of the consolidation range, there is a high probability of further upward movement, with a short-term target looking at the range of 985, 994. However, if it cannot close above this level, it may continue to oscillate within the range. If the daily level can effectively stabilize above 994, this rebound will not just be a rebound, but there is a chance to restart a bull market; but if it is pressed down again, the current rise can only be seen as a strong rebound. Therefore, this position is worth trying around.

Tonight, pay attention to the support level at 96500 for Bitcoin, which is the lower edge of the current 4-hour consolidation range. As long as it does not break this support on a pullback, there is still room for further upward movement in the short term. The upper resistance level to watch is 97390, and if broken, further targets will be 98500, 99400, and 101000. However, if it breaks this level at night, the 4-hour level will likely enter a correction phase, with support levels to pay attention to at 95500, 94100, and 92900.

For Ethereum, the key support tonight is at 1832. As long as this level holds, the trend remains strong. The resistance levels to watch above are 1870, 1900, and 1930. If it breaks this support level on a pullback, it is likely to follow with a correction, with support levels at 1800, 1755, and 1729.