2025/05/12 Market Analysis
🥇01 Yesterday's Review
BTC: The weekly chart shows a long bullish candlestick, with trading volume approximately a quarter higher than the previous week, continuing to maintain relatively healthy trading volume.
ETH: The weekly chart features a large bullish candlestick with an increase of over 45%, and trading volume is more than double that of the previous week, indicating a strong uptrend driven by bullish forces. This week, it will likely continue to push higher before experiencing a pullback.
🥈02 Today's Analysis
BTC Trend: The weekly MA30 line remains on an upward trend, with prices closing above the weekly MA30 line. The MACD has returned to the zero axis after reaching a high point above it, and the fast and slow lines are showing a golden cross pattern.
Key Levels:
Resistance: 105000-110000
Support: 102100-99500
ETH Trend: The weekly MA30 line has shifted from a downward trend to a flat trajectory, with prices still closing below the MA30 line, indicating that the MA30 line will remain a pressure point recently, with prices around 2695.
The weekly MACD shows a weakening of the rapid downward momentum, transitioning to a golden cross in the fast and slow lines, indicating an increase in upward momentum.
The weekly level cannot directly continue to surge upward; the 45% increase in a single week has consumed a significant amount of bullish strength, and the bears will take advantage of this consumption to counterattack.
The best scenario moving forward is for the weekly level to push up once, then experience a wide fluctuation for one or two weeks, gathering strength before continuing to rise.
Key Levels:
Resistance: 2562-2760
Support: 2435-2350
🥉03 Today's Summary
The rebound at the weekly level has already started, and the trend is beginning to change. However, to truly confirm a trend reversal, it is essential to wait for prices to break through and stay above the weekly MA30 for three consecutive weeks.
