May 22

BTC:

Yesterday, Bitcoin maintained strong momentum. During the day, it initially faced resistance around the 108,000 level, then quickly broke through to near the 110,000 mark in the evening. Although it briefly fell back to around 106,000, it quickly stopped the decline and rose again, recovering the losses within 2 hours. It then slowly climbed, continuously setting new daily highs and breaking historical highs. Currently, a short squeeze is occurring. Generally speaking, slow rises don’t indicate a top, but after a rapid increase, it is easy to create selling pressure or reach high levels. As long as the slow upward trend remains unchanged, one should consider lightly buying on dips. Previous recommendations for buying on dips can still be held, and there is no prediction for a top to short. Daily support is at 111,000, but it will move upward with the price increase. Pay attention to resistance around the 113,000 level. If there is an accelerated rise to this range, it may create pressure. However, avoid predicting the market top; let the market provide the answers.

ETH:

As Bitcoin’s price continues to refresh historical highs, Ethereum also maintains strong momentum. There is high-level pressure in the 2,650-2,760 range. If Bitcoin's price continues to rise, ETH will gradually approach the upper pressure zone. Once a strong breakout occurs, the stop-loss of short positions will create new upward momentum, and the main strategy will be to buy on dips following Bitcoin's pullback, rather than shorting easily. Daily support is around 2,580-2,600.