Bitcoin (BTC)
Price Trend
According to data from the Financial Associated Press and Coin World, on May 12, 2025, Bitcoin's price touched $105,000, with a daily increase of 0.85%. This price broke through recent key resistance levels, continuing the upward trend since May. The technical indicators show that BTC chose to break upwards after oscillating in the $104,000 to $106,000 range, with market sentiment being strong.
Technical Indicators
MACD: The histogram remains negative but is gradually shortening, indicating strengthening bullish strength, but a clear golden cross has not yet formed.
RSI: Current value near 70, in the overbought region, caution is needed for short-term pullback risks.
Support and Resistance: Short-term support at $104,000, resistance at $106,405 (predicted high on May 12).
Fundamental Factors
Institutional Capital Inflows: Bitcoin spot ETFs continue to attract funds, driving prices higher.
Macroeconomic Expectations: Possible Bitcoin strategic reserve plan by the US provides support for long-term prices.
Market Sentiment: The Fear and Greed Index reports 70 (Greed state), indicating an increase in investor risk appetite.
Ethereum (ETH)
Price Trend
Ethereum's price is reported at $2,514.52, down 1.83% for the day. Despite the short-term pullback, ETH still maintains range-bound trading between $2,400 and $2,600, with technical indicators showing fierce competition between bulls and bears.
Technical Indicators
MACD: Similar to BTC, the histogram's negative values are narrowing, indicating accumulating bullish strength.
KDJ: Neutral value 63, no clear buy or sell signals.
Support and Resistance: Short-term support at $2,435.51, resistance at $2,636.
Fundamental Factors
Technical Upgrades: Ethereum's Pectra upgrade plan enhances Layer 2 scalability and optimizes user experience.
Ecosystem Development: Institutions are adopting rapidly, such as Sony and Deutsche Bank entering Layer 2 solutions.
Policy Expectations: The Trump administration's friendly stance towards cryptocurrencies may drive discussions on ETH as a strategic reserve asset.
Operational Strategy
Bitcoin (BTC)
Trend Trader
Strategy: Lightly buy near $105,000, set stop-loss at $104,000, and target $108,000. If it breaks through $108,000, further targets could be $110,000.
Logic: Technical indicators break through key resistance levels, combined with institutional capital inflows and strategic reserve expectations, there is still upside potential in the short term.
Swing Traders
Strategy: Buy low and sell high in the range of $104,000-$106,000, with strict stop-loss settings (e.g., 1% position risk).
Logic: High intra-day volatility, using range-bound trading to achieve short-term gains.
Long-Term Holders
Strategy: Continue to hold, paying attention to the breakthrough situation at the $110,000 resistance level. If a valid breakout occurs, consider adding to the position.
Logic: The narrative of Bitcoin as 'digital gold' continues to strengthen, highlighting long-term allocation value.
Ethereum (ETH)
Trend Trader
Strategy: The current price is close to the support level of $2,435.51, consider lightly buying, set stop-loss at $2,400, target $2,636. If it breaks through $2,636, further targets could be $2,800.
Logic: Technical indicators show accumulating bullish strength, combined with expectations of ecosystem upgrades and institutional adoption, the short-term rebound probability is high.
Swing Traders
Strategy: Buy low and sell high in the $2,400-$2,600 range, be aware of potential pullback risks for ETH.
Logic: In a range-bound market, swing trading can reduce holding costs.
Long-Term Holders
Strategy: Focus on the progress of Ethereum spot ETFs and the long-term value enhancement brought by technical upgrades, consider gradually adding to positions during pullbacks.
Logic: Ethereum's ecological advantages are evident, Layer 2 expansion and institutional adoption will drive long-term value growth.
On May 12, 2025, both Bitcoin and Ethereum are at critical technical junctures. BTC opens up space for upside after breaking through $105,000, but caution is needed for overbought pullbacks; ETH experiences short-term pullbacks but is supported by ecosystem upgrades and institutional adoption expectations. Operationally, trend traders can lightly test for long positions, swing traders can utilize range fluctuations, and long-term investors can strategically enter on dips. It is recommended to adjust positions flexibly according to personal risk appetite and capital management strategies.
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