On May 4, May may be in a price consolidation or mild upward phase, with prices expected to be between $100,000 and $150,000. If market sentiment is high (such as continuous inflows of ETF funds or favorable regulations), it may break through $150,000; if there is a short-term adjustment, it may drop to the support level of $80,000.
1. Review of yesterday
BTC: Yesterday's low was 95,764, high was 96,949, fluctuation was 1,180, amplitude was 1.22%
ETH: Yesterday's low was 1,809, high was 1,882, fluctuation was 62.59, amplitude was 3.34%
2. Today's analysis
BTC current price is 95,781. Although the price decreased during the day, institutional interest in BTC remains strong, especially with significant inflows into ETFs, such as BlackRock's ETF, which saw an inflow of $674.9 million that day. This indicates continued institutional support. Market sentiment, based on the Fear and Greed Index, is at 67, in the 'greed' zone, showing optimism about future prices.
BTC resistance: 96,500
BTC support: 95,500
ETH current price is 1830. Ethereum's trading price fluctuated between $1,776 and $1,875 on May 3, with a final closing price of about $1,823.73. The price found support around $1,813 and briefly rebounded to a high of $1,872, but then retreated, indicating market competition in this price range. The market shows a cautiously optimistic attitude. Trading volume decreased to below 10 billion that day, indicating lower market liquidity and reduced investor participation.
ETH resistance: The upper resistance level is at $1,880, and a breakthrough may trigger further increases.
ETH support: The key support range is at $1,730.
3. Summary
BTC's trading price experienced significant fluctuations within a day. The highest point of the day was about $96,949. The price gradually declined throughout the day, especially in the evening, reflecting market adjustments. Although BTC's price slightly decreased during the day, strong institutional interest and positive market sentiment signals suggest potential upward space in the future. Significant inflows into ETFs support BTC's attractiveness as a long-term investment.
If Ethereum's price remains above $1,776, it may further test $1,875 or higher levels. If it breaks the support level of $1,776, it may drop below $1,750. The Ethereum market remains relatively stable amid short-term fluctuations, with a closing price of $1,823.73, a slight increase of 0.41% during the day. Although reduced trading volume and capital outflows indicate market caution, technical support and long-term development prospects still provide some resilience to the price. Attention can be paid to the breakout situation of the $1,776 support level and the $1,860 resistance level to determine the subsequent trend.
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