5.11 Afternoon Analysis of Bitcoin and Ethereum Market

Currently, Bitcoin (big cake) is in a wide sideways consolidation phase at the top region, while Ethereum continues to show a trend of catching up, refreshing daily highs. Its strong upward momentum suggests it may soon approach the critical resistance area of 2850.

For investors looking to attempt short positions, it is essential to exercise restraint. Even if bearish on the market, one should not easily short. Recently, including the weekend, the market has shown weak pullback strength and continued to rise. At this point, shorting would be akin to putting funds at risk. Please be responsible for your funds, make cautious decisions, and it is better to miss an opportunity than to blindly short!

Regarding Bitcoin (big cake) today, it is crucial to pay close attention to the key position of 103820. As long as this position is not lost, all levels of moving averages are in a bullish arrangement, and the upward trend will continue. The upper resistance levels to watch are key areas such as 104980, 105750, and 106400. If the price pulls back and falls below 103820 today, a 1-hour level correction signal will appear, and the lower support levels to consider are 103055, 102350, and 100950.

As for Ethereum, today we should focus on the support position of 2531. As long as this position is solid, all levels of moving averages are similarly pointing bullish, with sufficient upward momentum. The upper resistance levels can be expected at key points such as 2605, 2660, and 2719. If the price pulls back and falls below 2531 today, a 1-hour level correction signal will be triggered, and the lower support levels to watch are 2485, 2428, and 2381.

In summary, investors should closely monitor the changes in key positions when participating in market trading, and make rational decisions based on the overall market trend and personal risk preferences. #策略交易 #山寨币交易 #本周高光时刻 #BTC重返10万 #BTC交易