May 10th Evening Position Analysis:

Good evening, brothers! It's your occasionally serious, occasionally not-so-serious analyst Qianshan back again to pump you up!

I’m sure you all saw the recent news, the ceasefire between India and Pakistan, and the negotiations between China and the U.S. are still at a standstill. If reconciliation occurs, it would be a positive for the market, but reconciliation is unlikely to succeed on the first attempt. We still need to pay attention to the impact of the Swiss summit negotiations on the market over the next three days. The previous big drop (in the first half of the year) happened without any favorable news coupled with tariff increases. Now, the negative impact of tariffs is gone, and countries are reconciling. There are expectations for interest rate cuts in the second half of the year, so reject all short positions and bearish thinking. Do not try to short at the top. If interest rates are really cut three times, in the future six months, with one rate cut every two months, it will bring endless new funds and speculative interest to the crypto world. If there are no rate cuts, then what was mentioned above will not hold!

However, it’s worth noting that, as mentioned in the morning, it is still uncertain whether there will be a rate cut next month. The rate cut hasn't arrived yet, and there will definitely be corrections in between. After all, the liquidation map for the 93k long positions still has over 10 billion. Just be patient and wait.

Bitcoin resistance levels:

104400, 105400, 106400

Bitcoin support levels:

102400, 101000

Ethereum resistance levels:

2436, 2490, 2550

Ethereum support levels:

2320, 2270, 2200

BNB resistance levels:

665, 672

BNB support levels:

648, 640, 632

SOL resistance levels:

176, 180

SOL support levels:

168, 164, 161

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