2025.5.20 Morning BTC/ETH Market Analysis Happy Valentine's Day Brothers!
In the past 24 hours, 2.2 billion CNY vanished into thin air, with 94,761 people going bankrupt to zero!
The previous day's positions of 2360/2375 have already helped my comrades cover today's Valentine's Day expenses; it's time to show your girlfriend the power of pork chop rice!
BTC Focus
Support 101175/98500/97200/93911
Pressure tentatively set at 110000
Today's key point for Bitcoin is at 103300; if it holds, we can continue the high-level volatility for further washing! A new high is within reach! It seems that it won’t stop until it makes a new high; whether it moves up or down after setting a new high will be discussed later, but it looks like a push for a new high is on the way this week!
ETH Focus
Support 2403/2343/2285/2215
Pressure tentatively set at 2851
The long-term point of 2403 is no exaggeration; last night during the first wave of impact, it was estimated that it would break 2403, casually shaking off a drop of thirty or forty bucks, with profits of 50% or 60% on positions. Set the bottom position to protect capital without setting take profits to hold on! Pay attention to the demand for impacts at 2480/2500 or even higher; this little rascal woke up and surged again!
I have to say, last weekend and yesterday's market made many people feel like they were breaking down and needed to chase shorts or longs, and then the market gave you a super short-term 'reversal', rubbing your thoughts into the ground!
On operations: Just take action when the signal comes during the day; after waiting day after day, the opportunity has come. It’s better to cut losses than to stubbornly trade at points that aren’t opportunities. When you reach points where opportunities are likely to appear, with K-lines and volume working together, you hesitate and don't dare to act. Isn’t that the typical thinking of a retail trader?