May 10 Market Analysis

Yesterday, BTC stabilized and consolidated after rising, successfully standing above the 100,000 mark, which is a good signal, and the trend remains healthy. In the near term, it is important to pay more attention to fundamental information and the Federal Reserve's interest rate cut process. It is expected to consolidate sideways during the day, undergoing a corrective trend. On the longer cycle, a weekly golden cross is about to form, and a new round of market activity is expected to start.

Ethereum (ETH) followed BTC and rose in sync, continuing to catch up, with a relatively steep trend. It is expected to consolidate sideways during the day, and after stabilizing, it is likely to continue rising.

BTC has entered the overbought zone on the 1-hour and 4-hour levels, and the daily level has also entered the overbought zone. It is expected to consolidate sideways during the day, and one can pay attention to the support levels on pullbacks and consider following up.

Intraday support levels: 102200-101500📈

Upper resistance levels: 105300-105800📉

ETH has entered the overbought zone on the 1-hour and 4-hour levels, and the daily level has also entered the overbought zone. It is expected to consolidate sideways during the day, and one can pay attention to the support levels on pullbacks and consider following up.

Intraday support levels: 2200-2250📈

Upper resistance levels: 2485-2530📉