May 14 Market Analysis 📊📊
· Yesterday, BTC showed a slight pullback but maintained an upward trend, with a healthy movement. After stabilizing, it is expected to continue rising. We will continue to pay attention to fundamental information, the Federal Reserve's interest rate cut process, and expect a sideways consolidation during the day to prepare for further increases. In the larger cycle, a weekly golden cross has formed, and a new round of market movement is expected to start.
· The second coin followed BTC and rose in sync, experiencing a surge during the early morning, reaching the resistance zone of 2700. A slight pullback and adjustment are expected during the day, and after stabilizing, it is anticipated to continue rising.
BTC maintains a healthy level on the 1-hour and 4-hour charts, while the daily chart has entered the overbought zone. A sideways consolidation is expected during the day.
Intraday support 102000-102500 📈
Upper resistance 104500-105000 📉
ETH maintains a healthy level on the 1-hour and 4-hour charts, while the daily chart has entered the overbought zone. A sideways consolidation is expected during the day.
Intraday support 2565-2525 📈
Upper resistance 2785-2815 📉
