May 15 Morning BTC/ETH Analysis:
Good morning, friends!
The market has been quite unusual these past few days, and the data indicators are also chaotic! After a day of consolidation and repair, it seems to be back on track!
Currently, looking at the overall BTC trend, it is slightly weak, with both highs and lows gradually decreasing, which aligns with the macro data estimates. After a spike to 1043 in the evening, it quickly fell back to 1025, indicating that the upper resistance level is very strong. If the trend is to continue, it must break and hold above 1040 on an hourly basis; previously, we should look for a correction, with support below at 1025-1012.
BTC: Around 1037-1042, defensive at 700, target 1025-1007.
ETH is performing very well now, with very few pinning events. Special attention needs to be paid to the 1620 level; it cannot break and hold above this on the four-hour chart; previously, we should not consider any long positions.
ETH: Around 2615-2625, defensive at 30 points, target 2565-2500.
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