📅 May 20 BTC & ETH Market Analysis

🔍 Market Review:

Yesterday, BTC experienced significant fluctuations, but there were no major news events in the fundamentals, suggesting that it may have been manipulated by market makers. From a technical perspective, there is a slight top divergence on the daily chart, while the weekly structure remains stable and overall healthy. In the short term, it is advised to moderately reduce positions to control risk, but not to fully liquidate, and to closely monitor the Federal Reserve's policy direction. A golden cross has formed on the weekly chart, indicating that there is still hope for an upward trend in the larger cycle.

ETH (Ethereum) followed BTC's trend, experiencing a slight rise in the early morning. The 4-hour chart shows a low divergence; if it can stabilize, there is still upward potential in the short term, and it may be worth considering a phased entry.

📌 Today's Technical Observation:

BTC: #BTC

All timeframes are stable, and the short term may maintain a range-bound consolidation.

Support Range: 103,500 – 104,000

Resistance Range: 107,000 – 108,000

ETH: #ETH

All levels are stabilizing, leaning towards range consolidation.

Support Range: 2,400 – 2,450

Resistance Range: 2,600 – 2,700

📈 The overall direction remains bullish, but it is advised to seek steady progress in operations, control positions, and wait for key breakthroughs.