2025.5.24 10:06 AM BTC/ETH Market Analysis
In the past 24 hours, 2.2 billion CNY has been wiped out, and 105,066 people have gone bankrupt to zero!
Happy weekend, brothers! After a perfect finish this week, last night's second bottom test has emerged, but the rebound target has not shown much bullish strength! The current market is relatively weak; after the drop yesterday, we are looking for low long opportunities at the new low, while also seeking short opportunities during the rebound. This weekend, both long and short positions can be taken!
BTC Focus
Support at 103300/101175/98500/97200
Resistance tentatively at new highs
The key points for BTC right now are 106000/104000 before noon on Sunday, with narrow fluctuations accompanied by a rebound. The volatility will increase on Sunday evening and Monday early morning, seizing weekend liquidity, and there is a demand for retesting new lows. If there is a significant drop on Monday evening, we will definitely be able to look for low long gaming after testing the highs again!
ETH Focus
Support at 2343/2285/2215
Resistance tentatively at 2660/2680/2700/2720
The key point for ETH is 2403. Before testing 2403, we need to break last night's new low of 2496 and also test 2465, indicating a demand for fluctuations! The first touch can be used as a reference point to find long opportunities!
Operationally: just do it with stop-loss, we hit the low absorption position six times this week and achieved six consecutive victories. It's impossible not to make money this week. Once we make money, we must not get carried away thinking we are great, attributing the credit to ourselves, and forgetting about the market. We must understand that even the best judgment requires the market's cooperation; if the market does not cooperate, it’s not taking profit but rather a stop-loss!