May 16 Market Analysis 📊📊

Yesterday, BTC maintained consolidation with a slight pullback, and the trend remains healthy, showing signs of stabilization. In the near term, we should continue to pay attention to fundamental information, the Federal Reserve's interest rate cut process, and there is potential for further upward movement today. Consider gradual entries. In terms of the long-term cycle, the weekly golden cross has formed, and a new round of market activity is expected to start.

The second coin is consolidating in sync with BTC, showing a slight pullback. Today, pay attention to the stabilization situation and consider gradual entries, with potential for further upward movement.

BTC's 1-hour and 4-hour levels remain healthy, while the daily level has entered the overbought range. Today, a sideways consolidation is expected.

Support today at 102500-103000 📈

Resistance above at 105800-106300 📉

ETH's 1-hour and 4-hour levels remain healthy, while the daily level has entered the overbought range. Today, a sideways consolidation is expected.

Support today at 2485-2525 📈

Resistance above at 2645-2675 📉