2025/05/11 Market Analysis
🥇01 Yesterday's Review
BTC: The daily line is a small bullish candle, and the price continues to push upwards, getting closer to the previous high around 109588, where the pressure will also increase, making divergences more likely. This position still needs attention for short-term pullbacks, but the pullback won't be too significant for now; it will be more of a minor pullback on an hourly basis, and the main strategy remains to buy on dips.
ETH: The daily line is a bullish candle with an increase of over 12%, and the price continues to push towards the 2600 position. As mentioned yesterday, there are a large number of trapped positions in the 2500-2900 range, so it can't break through all at once. The price has reached this area and needs to pull back.
🥈02 Today's Analysis
BTC Trend: On the hourly level, the 8-hour MACD shows signs of weakening despite upward movements. Currently, there is a divergence pattern appearing in the 30-minute rebound within the 1-hour of the 8-hour timeframe. In the short term, one can look to make short-term buys at the EMA52 line across the 1-hour, 2-hour, and 4-hour timeframes.
Key Levels:
Resistance: 105000-110000
Support: 102100-99500
ETH Trend: This wave of increase is brought about by a combined rebound at the 8-hour and 12-hour levels. Currently, there is a rebound in the 30-minute to 1-hour levels, and the overall trend remains relatively strong. On the hourly level, one can look to make short-term buys at the EMA52 line across the 1-hour, 2-hour, and 4-hour timeframes. Short-term high buys can be taken in batches for profit-taking, while long-term positions can be held, but one must resist the upcoming pullback. Mid to long-term spot positions can still be held, as the weekly level's increase has just begun, with larger movements still ahead.
Key Levels:
Resistance: 2562-2760
Support: 2435-2350
🥉03 Today's Summary
ETH has a large number of significant and extra-large long positions waiting to be liquidated in the 2496-2080 and 2036-1860 areas, with a key liquidation point located near 2260 at $BTC $ETH
