May 11 Daytime Market Analysis:
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Back to the market, Bitcoin is basically in a wide sideways consolidation at the top. Ethereum has been catching up, reaching new highs every day. With this upward momentum, the major resistance level is at 2850.
Brothers who want to short, hold your hands. Even if you want to short, don't do it. The pullbacks in the past few days have been weak, including the weekend when prices were rising. If you dare to short now, that's just giving away money. Everyone must be responsible for their own funds; don't trade recklessly. It's better to miss a rally than to short! The trend is still bullish, and you can continue to buy on dips, but be mindful of your position and leverage. Especially focus on position management, and try not to hold losing positions. Future tops will definitely appear in this form— a quick drop followed by a weak rebound that fails to sustain downward movement. This has always been the method of past market tops and has never changed. The main force often creates an upward channel or trend line and then plunges to trap follow-up investors. But don't be scared by this; just understand that it exists and prepare accordingly. When the price reaches a dip-buying position, you can still go long, as long as you don't chase after high prices.
Bitcoin resistance levels:
105000, 105800, 106400
Bitcoin support levels:
103000, 102000, 101000
Ethereum resistance levels:
2605, 2660, 2720
Ethereum support levels:
2485, 2425, 2380
BNB resistance levels:
671, 679, 684
BNB support levels:
648, 640, 632
SOL resistance levels:
180, 186, 193
SOL support levels:
171, 168, 164
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