Bitcoin and Ethereum Market Analysis on the Evening of May 14!

Currently, Bitcoin is undergoing a correction on the one-hour and two-hour levels, while the four-hour level is temporarily holding the support at 103200. The bullish pattern is still in place; it just depends on whether the smaller time frames can pull back up. Pay attention to the one-hour level resistance at 104000. If the one-hour and two-hour close can break through 104000, there is a chance for another surge in the smaller time frame, with upper target resistance at 105000-105800. If this resistance is broken, it could reach positions 106500-109000, where one could consider opening a short position. This wave of upward movement will only be considered complete once the four-hour level closes and drops below 103200. The lower target support is initially around 100800, with a stop at 99300. Currently, the latest daily level support is at 100800; only if the daily level breaks below this position will the market experience a deeper pullback, with lower target support around 95000.

The recent four-hour upward movement has directly surged past 2700, and the rise has been quite strong. Currently, the four-hour upward movement is not yet complete; first, watch for small level support at 2600. As long as this position is not breached, the bullish momentum remains. The upper target resistance continues to look at 2730-2800 with a maximum of 2850. Only if the one-hour pulls back and closes below 2625 will the strength of this upward movement weaken. The lower target support is initially at 2550; if the four-hour closes below this position, this wave of upward movement will be considered over, with lower target support around 2410.