2025/05/17 Market Analysis

🥇01 Yesterday Review

BTC: Today's price fluctuates around $102,966, slightly down from yesterday. It previously broke through $104,000 but failed to maintain the upward trend, indicating short-term high-level volatility in the market.

ETH: It has decreased compared to yesterday, with bears attempting to suppress prices at high levels, showing clear short-term pressure. Previously, Ethereum saw a rebound due to network upgrades and institutional buying, but it failed to sustain sideways consolidation.

🥈02 Today's Analysis

BTC Trend: From the 4-hour chart, the BTC price briefly fell below the 20-period moving average (EMA20) but quickly rebounded, and each subsequent low during the pullback is gradually rising, indicating that bulls are still trying to push prices higher. The key resistance level is at $105,000; if broken, it may trigger a new wave of increases.

Key Levels:

Resistance: 105000-110000

Support: 102100-99500

ETH Trend: Short-term movements in Ethereum need to focus on changes in trading volume. If trading volume shrinks, bearish pressure may increase, and the price may test the $2,400 support level; if trading volume expands, it may rebound to the $2,600 resistance level.

Key Levels:

Resistance: 2530-2580

Support: 2450-2415

🥉03 Today's Summary

Currently in a high-level volatility phase, it is recommended to pay attention to the breakout of the $105,000 resistance level and the $100,000 support level. Short-term traders can wait for clear breakout signals, while long-term investors can continue to hold and monitor changes in macroeconomic policies. #BTC #ETH