May 11 Evening Market Analysis:
Good evening, brothers. This weekend has come to an end. Did everyone listen to Qianshan's advice and make a fortune again? With the money earned, you all went out to have a good time for a couple of days. However, Qianshan is still focused on monitoring the market for everyone.
Back to the market, this week has risen the entire week, and Bitcoin has been in the green for five consecutive weeks. Overall, no matter what spot you hold, you should be making money. The market has been a bit FOMO lately, but I’m not getting too anxious; I’ll calmly wait for a pullback to get in.
Brothers, if you trade gold, Hang Seng Index, NASDAQ, and other internationally recognized fair indicators, and then look back at the cryptocurrency market, you will very clearly feel the presence of the big players. They have the world’s top talents, advanced technology, and the most reasonable capital for market operations. How can small retail investors like us respond? We can only survive by following their lead.
Bitcoin has once again surged upwards in the evening. Whether it’s due to the weekend or other reasons, it didn’t break through the previous high and made a slight pullback. Bitcoin pulled back a little, while other coins saw a decline of 3-5%. Anyway, if Bitcoin wants to continue climbing, it will look at the previous high. If it can't break through the previous high of 105, it will still pull back. Only a breakthrough over the previous high of 105 will initiate a new wave of increase!
Bitcoin resistance levels
105800, 106400, 107200
Bitcoin support levels
103450, 102350, 100950
Ethereum resistance levels
2560, 2605, 2660
Ethereum support levels
2455, 2380, 2320
BNB resistance levels
668, 680, 688
BNB support levels
649, 640, 631
SOL resistance levels
178.8, 180.8, 186.8
SOL support levels
168.8, 164.8, 161.8
Brothers, if you like Qianshan's market analysis and find it helpful, please give a thumbs up to support Qianshan, and follow Qianshan. Thank you! Also, if you have any good suggestions for Qianshan, feel free to put them in the comments. Qianshan will try to meet everyone's needs. Finally, thank you all for your support and encouragement. Thank you, brothers!!! You all deserve to make money! $BTC