May 11, 2025
$BTC $ETH On Sunday, May 11, morning real-time analysis and trading suggestions for Bitcoin and Ethereum:
Looking back at the early morning, Bitcoin rebounded after dropping to a low of 103029, reaching a high of 104961 and currently hovering around 104700. Ethereum's performance is even more pronounced, rebounding after a low of 2428, reaching a high of 2599. In the early morning, Bitcoin gained a space of 2000 points, while Ethereum gained a space of 140 points.
From the current market perspective, the four-hour RSI(14) has risen to 72, entering the overbought zone, and short-term caution is required for selling pressure. If it stabilizes above 104,000, a breakthrough of the 105,000 resistance may further challenge the 106,000-107,000 area. If it breaks below, a pullback may occur. Ethereum's four-hour MACD has formed a golden cross, and the trading volume is increasing synchronously, indicating strong bullish momentum.
Ethereum 2600-2800 A large number of retail investors are selling to break even.
The resistance at 2600 for Ethereum is the selling pressure from retail investors in the dense trading area. Do not sell your chips. Wait! At most until early Wednesday morning Beijing time.
Morning suggestions:
Bitcoin: Long near 103500, target at 106500. Stop loss set at 102000.
Ethereum: Long near 2500 (up and down 20), target at 2650-2700. Stop loss set at 2450.
