May 10th Daytime Price Level Analysis:
Good afternoon, brothers! Your familiar analyst, Qianshan, is here to chat with you.
Saturday has finally calmed down, and the market makers have begun to rest. We retail investors also need to take a break. The weekly chart has seen five consecutive green candles, so those who like to chase can wait for a pullback to enter. Even a small level pullback is less risky than chasing while the price is rising. Missing out won't cost you money, but making the wrong move can lead to real losses! This week's surge has caused countless shorts to be liquidated or hold on to their positions, and the shorts have mostly been cleared out. So, everyone, don’t be too FOMO. If Bitcoin rises more than 5 points, it will hit the previous high. Personally, I feel that the risk outweighs the profit, and there’s no certainty of an interest rate cut next month. The rate cut hasn’t arrived yet, and there will definitely be pullbacks along the way. After all, there are still over 10 billion in long liquidations at 93,000. Just be patient and wait.
Bitcoin resistance levels: 105400-106400-107200
Bitcoin support levels: 101000-99200-97700
Ethereum resistance levels: 2435-2490-2550
Ethereum support levels: 2200-2155-2110
BNB resistance levels: 671-680-685
BNB support levels: 647-638-630
Solana resistance levels: 176-181-187
Solana support levels: 168-164-159
Brothers, I will be posting two price level analyses daily on the square at irregular times, corresponding to daytime and nighttime trading. If you like my analysis and find it helpful, please support me by liking and following me. Thank you! $BTC