2025/05/10 Market Analysis

🥇01 Yesterday's Review

BTC: The daily candlestick formed a doji small bearish line, with trading volume reduced to three-quarters of the previous day, indicating some short-term funds are fleeing. The large bullish line has exhausted bullish momentum, and a correction is needed at the daily level, which will maintain slight pullbacks after fluctuations.

ETH: The daily candlestick is bullish with an upper shadow, and trading volume exceeded that of the previous day, continuing to rise strongly!

🥈02 Today's Analysis

BTC Trend: The bullish momentum at the 8-hour level is weakening, making it difficult to support a significant price increase; short-term may experience fluctuations and slight pullbacks.

Key Levels:

Resistance: 105000-110000

Support: 99500-97700

ETH Trend: Two consecutive days of large bullish lines have exhausted bullish strength, requiring a short-term adjustment. The price surged to 2500 yesterday, reaching the February decline continuation platform (neckline resistance level). There are many trapped positions in the 2500-2900 range, making a breakout difficult in the short term.

Key Levels:

Resistance: 2450-2510

Support: 2240-2120

🥉03 Today's Summary

Weekend liquidity is relatively poor, so the price will mainly fluctuate at high levels. Pay close attention to the altcoins that have seen small increases over the past two days, especially those with relatively small market capitalizations, as there will likely be a wave of nice rebound.