2025/05/04 Market Analysis

🥇01 Yesterday Review

BTC: The daily chart shows a small bearish candle, with the bearish candle's body not exceeding the bullish candle's body from the 1st. Today's trend is crucial; if it continues to decline and the two bearish candle bodies exceed more than half of the bullish candle's body from the 1st, it will form a short-term top pattern, leading to further price declines.

ETH: There isn't much to say about Ethereum; it has been oscillating with decreasing volume, waiting to choose a direction.

🥈02 Today's Analysis

BTC Trend: From the momentum perspective, this wave is a rebound driven by a 4-hour level bullish momentum. It has currently returned to the 2-hour EMA52 support level, forming a weak rebound. If the 2-hour level fails to hold, it will need to return to the 8-hour EMA52 line to rebound, with the price around 92400, a decline of about 3%, which is not significant.

Key Levels:

Resistance: 99700-102000

Support: 94700-91700

ETH Trend: If Bitcoin faces a downward adjustment, Ethereum will also decline. If Bitcoin drops rapidly, dragging Ethereum down, a downward spike on the hourly chart will present a good buying opportunity.

Resistance: 1875-1950

Support: 1770-1740

🥉03 Today's Summary

For altcoins, especially those with relatively large increases, if Bitcoin drops quickly, altcoins will experience significant declines, so it's important to pay attention to the declines in altcoins brought about by Bitcoin's drop. $BTC $ETH #加密市场反弹