Bitcoin market trend analysis 20250510 - Day 601

The daily line closed with a doji small bearish candle, and the trading volume is three-quarters of the previous day. There is some short-term capital fleeing here, and the large bullish candle has consumed bullish power. The daily level still needs to make adjustments, but it won't plummet; it will maintain a range and then slightly pull back.

The 8-hour level's upward momentum has weakened and is not enough to support a continued large price increase.

Liquidity is relatively poor on weekends, so the price will primarily fluctuate at high levels, with a focus on altcoins that have had small increases in the past two days, especially those with relatively small market caps, which may experience a nice rebound.

Daily level resistance at 105000-110000-120450, support at 99500-97750-95200-92840