2025.5.4 Bitcoin/Ethereum/BNB/SOL Intraday Market Analysis
Good afternoon, brothers. Bitcoin is a bit weak. After breaking below the bottom of the consolidation area yesterday, it has now formed a 4-hour level consolidation. Today, focus on the bottom of this consolidation area at 958. If the 4-hour level does not break below, it will still go up; if it breaks, it will continue to go down. Still, the same saying: when there is a consolidation area, first pay attention to the top and bottom of the consolidation area. If it can’t break, it will continue to oscillate within the consolidation area!
When Bitcoin is falling, do not chase short positions; I personally suggest waiting for long positions at the support levels below. The major support levels are at 941-928-916; the profit space will be slightly larger at these levels, but whether it will drop to these levels is uncertain; this depends on the market's selling pressure. After all, there are still minor support levels above!