2025.5.7.BTC.ETH.SOL.BNB.Daily Market Analysis

BTC

Good afternoon, brothers. The sky has fallen after I woke up from this nap. Bitcoin broke through the daily resistance at around 97,700 at 6 AM, and it’s true that while everyone expected a weak rebound, the market makers did not let us have it. Last night I looked at the four-hour level for a rebound, thinking it would rise to around 95,000-96,000, but unexpectedly it shot directly to the daily top resistance this morning. Truly outrageous. Today, pay attention to two news points: one is the Ethereum upgrade at 17:30 this afternoon. This upgrade is not very significant, so brothers should avoid making trades during this time. More importantly, at 2 AM, the Federal Reserve will announce its interest rate decision. Two scenarios: one is to maintain the interest rate, and the market will continue to pull back and adjust; the other is to lower the interest rate, which would undoubtedly be very positive, and the market will spike again. Brothers, please pay attention to the market situation. Currently, after Bitcoin hit the daily top resistance, it has pulled back. Watch for support at around 96,000 first; if it breaks this level, we will look at around 95,200. As long as the four-hour close does not break below 95,200, the daily chart is still in a bullish trend. Only if the four-hour close falls below 95,200 will the market weaken. The daily support and resistance can reference the price of 95,200.

ETH

Ethereum has risen to the 1,850 resistance and is now pulling back. The lower support is in the 1,815-1,800 range; as long as this range holds, the bullish momentum remains. The upper resistance continues to be at 1,850 and 1,870. The market will only enter a bullish trend if these two resistances are broken. If the four-hour close falls below 1,800, the four-hour rebound will be over, and the lower target will continue to look at the 1,750-1,730 support range.

SOL

Although SOL briefly rose, it did not stabilize at the 148 resistance on the daily chart. Overall, the upward momentum has weakened, with support at 145. If the four-hour close falls below 145, this rebound will end, and the lower target support will continue to look at 140 and 135. For the bulls to have strength, at least the four-hour close must break above 148 again to have a chance to push up to the 153 resistance.

BNB

BNB has stabilized in a bullish trend on the daily chart, with important support at 600. As long as this level does not break, the market will continue to look bullish, with upper resistances at 610 and 620. If the four-hour close falls below 600, the bullish momentum will weaken, and the lower target support will be at 592 and 582.